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2015•Transportation Research Board 94th Annual MeetingTransportation Research BoardRequires access

Evaluating Carbon Tax Incidence, Market Effects, and Efficiency within the Transportation Fuel Sector

Maxwell Brown, Jonathan Rubin, Paul Leiby

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Abstract

This research modifies the Regional Transportation Regulation and Credit Trading (TRACTR) to assess the impact of a carbon tax on the transportation fuel market. The paper demonstrates the decreasing marginal impact from greater carbon tax values. Additionally, results indicate that the final price of fuels rises approximately 1.3% with the implementation of a $25/metric ton carbon tax on the transportation sector. Although the carbon tax maintains a greater proportional increase in fuel prices, demand responses serve to alleviate market pressures.

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What this paper is about

This research modifies the Regional Transportation Regulation and Credit Trading (TRACTR) to assess the impact of a carbon tax on the transportation fuel market. The paper demonstrates the decreasing marginal impact from greater carbon tax values. Additionally, results indicate that the final price of fuels rises approximately 1.3% with the implementation of a $25/metric ton carbon tax on the transportation sector. Although the carbon tax maintains a greater proportional increase in fuel prices, demand responses serve to alleviate market pressures.

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Available abstract

This research modifies the Regional Transportation Regulation and Credit Trading (TRACTR) to assess the impact of a carbon tax on the transportation fuel market. The paper demonstrates the decreasing marginal impact from greater carbon tax values. Additionally, results indicate that the final price of fuels rises approximately 1.3% with the implementation of a $25/metric ton carbon tax on the transportation sector. Although the carbon tax maintains a greater proportional increase in fuel prices, demand responses serve to alleviate market pressures.

Key concepts: Carbon tax, Tax incidence, Tax credit, Natural resource economics, Economics, Business, Tonne, Greenhouse gas

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