Equilibrium Analysis of a Tax on Carbon Emissions with Pass-through Restrictions and Side-payment Rules

2020 ◽  
Vol 41 (2) ◽  
Author(s):  
Gabriel Diaz ◽  
Francisco D. Munoz ◽  
Rodrigo Moreno
Keyword(s):  
Carbon Emissions ◽  
Equilibrium Analysis ◽  
Side Payment ◽  
Pass Through

ON PRICE DYNAMICS WITH SEARCH AND BARGAINING IN THE PRODUCT MARKET

2020 ◽  
pp. 1-34
Author(s):  
Mirko Abbritti ◽  
Tommaso Trani
Keyword(s):  
Equilibrium Analysis ◽  
Intermediate Goods ◽  
Price Dynamics ◽  
Producer Price ◽  
Second Moments ◽  
Sensitivity Tests ◽  
The Us ◽  
B2b Relationships ◽  
Pass Through

We introduce business-to-business (B2B) relationships into an otherwise standard model to revisit two aspects of price dynamics in a unified analysis. On one side, the pass-through of cost shocks to prices is empirically incomplete. On the other side, the literature contains conjectures that long-term relationships may reduce the allocative role of price changes. After a partial equilibrium analysis of these aspects, we consider the general equilibrium effects. The formation of B2B relationships implies that the trade of intermediate goods depends on search, bargaining, and the adjustment along the intensive margin as opposed to the extensive margin. We find that, when this adjustment is costly, retailers have a relatively high bargaining power, and mismatch shocks are possible, the model can account for the second moments of the US producer price index and other variables. In this case, although its allocative role is low, the intermediate goods price affects the allocation of goods through the search externalities and is sufficiently volatile. The analysis includes several sensitivity tests and comparisons.

Decision and coordination of a low-carbon supply chain considering environmental tax policy on consumers

Kybernetes ◽  
2020 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Chuanxu Wang ◽  
Qiaoyu Peng ◽  
Lang Xu
Keyword(s):  
Supply Chain ◽  
Carbon Emissions ◽  
Tax Policy ◽  
Stackelberg Game ◽  
Economic Benefits ◽  
Environmental Tax ◽  
Side Payment ◽  
Low Carbon ◽  
Content Type ◽  
The Government

Purpose This paper aims to explore how upstream supply chain companies will control the carbon emissions and price decisions of products when the government implements environmental tax policy on consumers. It provides some suggestions to control carbon emissions for the government and manufacturers. Design/methodology/approach This study establishes two-echelon Stackelberg game models with and without the implementation of environmental tax policy on consumers in a centralized scenario and a decentralized scenario. Through the comparative analysis of the four models, the optimal emission abatement and pricing strategies are obtained. Findings This paper concludes that implementing environmental tax policy on consumers within the market’s acceptable range is more beneficial to the retailer and the environment, as well as the overall social welfare, except for the manufacturer. Moreover, consumer’s low-carbon preference always has a broader impact on carbon abatement and corporate profits than environmental tax coefficient. Finally, the side-payment self-executing contract can effectively ensure that the supply chain members make rational decisions spontaneously while achieving a win-win solution of centralized scenario. Originality/value This paper first considers how the government’s environmental tax policy on consumers will affect the decision-making of supply chain companies, and proposes an improved side-payment self-enforcing contract to maximize environmental and economic benefits of centralized scenario. In addition, it provides a reference for the government to adopt both the carbon cap policy and the environmental tax policy.

scholarly journals Thermodynamic Equilibrium Analysis of Methanol Conversion to Hydrocarbons Using Cantera Methodology

2012 ◽  
Vol 2012 ◽  
pp. 1-7 ◽  
Author(s):  
Duminda A. Gunawardena ◽  
Sandun D. Fernando
Keyword(s):  
Coke Formation ◽  
Equilibrium Composition ◽  
Abundant Species ◽  
Equilibrium Mixture ◽  
Methanol Conversion ◽  
Equilibrium Analysis ◽  
Ethyl Benzene ◽  
Aromatization Reaction ◽  
Pass Through ◽  
Methanol To Hydrocarbon

Reactions associated with removal of oxygen from oxygenates (deoxygenation) are an important aspect of hydrocarbon fuels production process from biorenewable substrates. Here we report the equilibrium composition of methanol-to-hydrocarbon system by minimizing the total Gibbs energy of the system using Cantera methodology. The system was treated as a mixture of 14 components which had CH3OH, C6H6, C7H8, C8H10 (ethyl benzene), C8H10 (xylenes), C2H4, C2H6, C3H6, CH4, H2O, C, CO2, CO, H2. The carbon in the equilibrium mixture was used as a measure of coke formation which causes deactivation of catalysts that are used in aromatization reaction(s). Equilibrium compositions of each species were analyzed for temperatures ranging from 300 to 1380 K and pressure at 0–15 atm gauge. It was observed that when the temperature increases the mole fractions of benzene, toluene, ethylbenzene, and xylene pass through a maximum around 1020 K. At 300 K the most abundant species in the system were CH4, CO2, and H2O with mole fractions 50%, 16.67%, and 33.33%, respectively. Similarly at high temperature (1380 K), the most abundant species in the system were H2 and CO with mole fractions 64.5% and 32.6% respectively. The pressure in the system shows a significant impact on the composition of species.

scholarly journals Pass-Through of Own and Rival Cost Shocks: Evidence from the U.S. Fracking Boom

2021 ◽  
pp. 1-32
Author(s):  
Erich Muehlegger ◽  
Richard L. Sweeney
Keyword(s):  
Carbon Emissions ◽  
Policy Implications ◽  
Refining Industry ◽  
Oil Refining ◽  
Imperfectly Competitive ◽  
The Us ◽  
Pass Through ◽  
Input Cost ◽  
The U.S

Abstract In imperfectly competitive settings, a firm's price depends on its own costs as well as those of its competitors. We demonstrate that this has important implications for the estimation and interpretation of pass-through. Leveraging a large input cost shock resulting from the fracking boom, we isolate price responses to firm-specific, regional and industry-wide input cost shocks in the US oil refining industry. The pass-through of these components vary from near zero to full pass-through, reconciling seemingly disparate results from the literature. We illustrate the policy implications of rival cost pass-through in the context of a tax on refinery carbon emissions.

Instrumentation for detecting channelling radiation in the high-voltage electron microscope

1983 ◽  
Vol 41 ◽  
pp. 318-319
Author(s):  
J. H. Butler ◽  
C. J. Humphreys
Keyword(s):  
Monochromatic Light ◽  
Incident Beam ◽  
Laboratory Frame ◽  
Relativistic Electrons ◽  
Voltage Electron ◽  
Dipole Emission ◽  
Sinusoidal Oscillations ◽  
Pass Through ◽  
Incident Beam Energy ◽  
Increasing Function

Electromagnetic radiation is emitted when fast (relativistic) electrons pass through crystal targets which are oriented in a preferential (channelling) direction with respect to the incident beam. In the classical sense, the electrons perform sinusoidal oscillations as they propagate through the crystal (as illustrated in Fig. 1 for the case of planar channelling). When viewed in the electron rest frame, this motion, a result of successive Bragg reflections, gives rise to familiar dipole emission. In the laboratory frame, the radiation is seen to be of a higher energy (because of the Doppler shift) and is also compressed into a narrower cone of emission (due to the relativistic “searchlight” effect). The energy and yield of this monochromatic light is a continuously increasing function of the incident beam energy and, for beam energies of 1 MeV and higher, it occurs in the x-ray and γ-ray regions of the spectrum. Consequently, much interest has been expressed in regard to the use of this phenomenon as the basis for fabricating a coherent, tunable radiation source.

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