A variety of renewable electricity policies to promote investment in wind, solar, and other types of renewable generators exist across the United States. The federal renewable energy investment tax credit, the federal renewable energy production tax credit, and state renewable portfolio standards are among the most notable. Whether the benefits of promoting new technology and reducing pollution...

Energy has always been of particular importance to humanity. Oil and gas have been some of the energies that greatly influenced the national security of countries, which produce and consume energy. With the transformation of geostrategic discourse into geo-economic discourse in recent decades and the key role of economics in global relations, oil as the basis of modern industry has enjoyed a hi...

Corrective taxation is a common approach to addressing externalities, internalities, and other market distortions. These distortions are often heterogeneous: for example, some cars pollute more than others, and many people consume alcohol “rationally’’ even as present biased individuals might over-consume. Such heterogeneity raises the question of whether a corrective tax is “well-targeted’’: d...

One in three children in Estonia aged 6–13 is overweight or obese. Pricing policies, including the taxation of sugar-sweetened beverages (SSBs), has been recommended by WHO as one policy measure that can lower the consumption of SSBs and reduce obesity and the burden of obesity-related diseases. 89.2% of Estonian school children drink SSBs and it is known that the average daily energy consumpti...

In this paper we analyse the stabilisation properties of distortionary taxes in a New Keynesian model with overlapping generations of finitely-lived consumers. In this framework, government debt is part of net wealth and this adds a number of interesting channels through which fiscal policy could affect output and inflation. Output volatility, in presence of technology shocks, is not substantia...

This paper presents a baseline projection until 2020 of the future energy supply and demand situation in Greece, the associated trajectories of greenhouse gas (GHG) emissions, and the effects of an environmental tax equivalent to $40/t of carbon dioxide (CO2). The latter scenario represents a rough estimation of the GHG emissions abatement potential in the country’s various energy sectors. The ...

While economic deterrence models are fully based on maximizing economic utility; social psychology models explain human behavior by examining the underlying attitudes, norms and beliefs. Tax morale is defined as the intrinsic motivation to pay taxes. However, determinants of tax morale need to be investigated for a more comprehensive understanding of tax morale. In this paper we analyze the mos...