Inducing investments and regulating externalities by command versus taxes

A linear tax on an externality-generating activity may not attain the first-best social optimum. The problem arises because a monopolist's gain from improving the characteristics of a product may differ from social gian, even when consumers are willing to pay for change.Â

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Year of publication:	1997-01-01
Authors:	Glazer, Amihai
Institutions:	Institute for Transportation Studies (ITS), University of California-Berkeley
Subject:	Architecture

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Extent:	application/pdf
Series:	University of California Transportation Center, Working Papers.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series University of California Transportation Center
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010677334