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A General Equilibrium Model of Housing, Taxes, and Portfolio Choice

Berkovec, James - 1990

because government takes part of the risk from individual properties and diversifies it away. Measures to disallow property … tax or mortgage interest deductions do not help share this risk. Simulations of actual tax reform indicate a small shift … from rental to owner housing, and welfare gains from re-allocating risk …

Persistent link: https://www.econbiz.de/10012475521

Uncertainty, Welfare Cost, and the 'Adaptability' of U.S. Corporate Taxes

Fullerton, Don - 1983

Alternative corporate tax systems differ in their ability to adapt to changes in the rate of inflation. Absent complete indexing of depreciation allowances, a tax system may use the expected inflation rate to set accelerated depreciation allowances in a way that minimizes the welfare loss from...

Persistent link: https://www.econbiz.de/10012477858

A Framework to Compare Environmental Policies

Fullerton, Don - 2001

This paper builds a single model that can be used to show efficiency and distributional effects of eight different types of environmental policies (including taxes, subsidies, regulations, permits, and legal liability). All eight approaches can be designed to have the same efficiency effects,...

Persistent link: https://www.econbiz.de/10012470299

Tax and Subsidy Combinations for the Control of Car Pollution

Fullerton, Don - 2000

Despite technological advances, an individual car's emissions still cannot be measured reliably enough to impose a Pigovian tax. This paper explores alternative market incentives that could be used instead. We solve for second-best combinations of uniform taxes on gasoline, engine size, and...

Persistent link: https://www.econbiz.de/10012470976

A Tax on Output of the Polluting Industry is Not a Tax on Pollution : The Importance of Hitting the Target

Fullerton, Don - 1999

We explore the effects of environmental taxes that imprecisely target pollution. A review of actual policies indicates few (if any) examples of a true tax on pollution. More typically, environmental taxes target an input or output that is correlated with pollution. We construct a simple...

Persistent link: https://www.econbiz.de/10012471531

Can Taxes on Cars and on Gasoline Mimic an Unavailable Tax on Emissions?

Fullerton, Don - 1999

A tax on vehicle emissions can efficiently induce all of the cheapest forms of abatement. Consumers could drive less, buy a smaller car with better gas mileage, use cleaner gasoline, and repair pollution control equipment (PCE). However, the technology is not yet available to measure and tax...

Persistent link: https://www.econbiz.de/10012471742

Environmental Taxes and the Double-Dividend Hypothesis : Did You Really Expect Something for Nothing?

Fullerton, Don - 1997

The double-dividend hypothesis' suggests that increased taxes on polluting activities can provide two kinds of benefits. The first is an improvement in the environment, and the second is an improvement in economic efficiency from the use of environmental tax revenues to reduce other taxes such...

Persistent link: https://www.econbiz.de/10012472615

Environmental Controls, Scarcity Rents, and Pre-Existing Distortions

Fullerton, Don - 1997

Debate about the Double Dividend Hypothesis has focused on whether an environmental policy raises revenue that can be used to cut other distorting taxes. In this paper, we show that this focus is misplaced. We derive welfare results for alternative policies in a series of analytical general...

Persistent link: https://www.econbiz.de/10012472723

Garbage and Recycling in Communities with Curbside Recycling and Unit-Based Pricing

Kinnaman, Thomas C. - 1997

This paper estimates the impact of a user fee and a curbside recycling program on garbage and recycling amounts, allowing for the possibility of endogenous policy choices. Previous estimates of the effects of these policies could be biased if unobserved variables such as local preference for the...

Persistent link: https://www.econbiz.de/10012472797

The Case for a Two-Part Instrument : Presumptive Tax and Environmental Subsidy

Fullerton, Don - 1997

This paper builds two simple general equilibrium models to demonstrate the equivalence between the Pigovian tax and the combination of a presumptive tax and an environmental subsidy. A presumptive tax is a tax that is imposed under the presumption that all production uses a dirty technology or...

Persistent link: https://www.econbiz.de/10012472825