Article Review 5.pdf - Article Review Dynamic analysis of bribery firms\u2019 environmental tax evasion in an emissions trading market We analyze that

Article Review 5.pdf - Article Review Dynamic analysis of...

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Article Review: Dynamic analysis of bribery firms’ environmental tax evasion in an emissions trading market We analyze that emitting firms participating emissions trading market bribe bureaucrats to escape raids of the firm’s environmental tax evasion in an R&D -based model. We investigate an effect of environmental tax rate, grandfathered permit level, and penalty rate on a growth rate and welfare, and find that there is an inversed U-sharped relation between an environmental tax rate and growth rate, and between environmental tax rate and aggregated bribe. We numerically conduct how changes in each policy affect welfare and find that welfare effect of grandfathered permit is higher than welfare effect of environmental tax. Traditionally, scholars debating the choice between emission trading and pollution tax as environmentally policy instrument have not considered interactions between policies. Instead, they consider these environmental protection instruments in isolation. But governments usually
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