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private:zero_carbon [2019/09/17 10:12]
admin [basicCarbonTaxUK]
private:zero_carbon [2019/09/18 10:55] (current)
admin
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 Either: Either:
-  * One shot:+  * One shot Linear:
     * Model everything as linear, including new carbon tax     * Model everything as linear, including new carbon tax
     * Find the new income (original income minus carbon tax plus universal), use those values from the linear model     * Find the new income (original income minus carbon tax plus universal), use those values from the linear model
 +    * Asuumes that no change of behaviour - just reverting to past spending before recent pay increases
   * Multistep:   * Multistep:
     * Compute the income elasticity of demand     * Compute the income elasticity of demand
     * Treat a small increase in carbon tax as a reduciton in income and use income elasticity to change demand     * Treat a small increase in carbon tax as a reduciton in income and use income elasticity to change demand
     * repeat until target income is reached     * repeat until target income is reached
 +  * Once shot Equilibrium
 +    * Compute the income elasticity of demand
  
 One shot seems much cleaner. One shot seems much cleaner.
private/zero_carbon.txt ยท Last modified: 2019/09/18 10:55 by admin