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The Two-Part Instrument in a Second-Best World

Fullerton, Don - 2003

The standard theory that the first-best tax on pollution is equal to marginal environmental damages has been extended …

Persistent link: https://www.econbiz.de/10012468554

Environmental Levies and Distortionary Taxation : Pigou, Taxation, and Pollution

Metcalf, Gilbert E. - 2000

Bovenberg and de Mooij (1994) showed that, in the presence of preexisting distorting taxes, the optimal pollution tax typically lies below social marginal damages. Many have viewed this result as a refutation of the so-called double dividend hypothesis,' which suggests that a tax on pollution...

Persistent link: https://www.econbiz.de/10012470820

Tax and Subsidy Combinations for the Control of Car Pollution

Fullerton, Don - 2000

California Air Resources Board that shows the car's engine size, fuel efficiency, and emissions per mile. We calculate the …

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

Two Generalizations of a Deposit-Refund System

Fullerton, Don - 2000

This paper suggests two generalizations of the deposit-refund idea. In the first, we apply the idea not just to solid waste materials, but to any waste from production or consumption including wastes that may be solid, gaseous, or liquid. Using a simple general equilibrium model, we derive the...

Persistent link: https://www.econbiz.de/10012471271

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

Green Taxes and Administrative Costs : The Case of Carbon Taxation

Smulders, Sjak - 1999

This paper explores the trade-off between incentive effects and administrative costs associated with the implementation of various environmental tax instruments, with special reference to carbon taxes. In a simple model, we show under what conditions it is optimal to use input rather than...

Persistent link: https://www.econbiz.de/10012471486

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

Fullerton, Don - 1999

instruments. In a simple model with identical consumers, we show conditions under which the same efficiency can be attained by the … efficiency can again be obtained, but only if each person's gasoline tax rate can be made to depend on the characteristics of the …

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

Energy Taxes : Traditional Efficiency Effects and Environmental Implications

Goulder, Lawrence H. - 1993

This paper examines 'traditional' (non-environmental) efficiency consequences and environmental effects of two energy ….S. energy use and pollution emissions. On traditional efficiency grounds, each of the energy taxes emerges as more costly to the … considered are inferior to the alternatives on narrow efficiency grounds but superior on environmental grounds. Whether the …

Persistent link: https://www.econbiz.de/10012474358

How a Minimum Carbon Price Commitment Might Help to Internalize the Global Warming Externality

Weitzman, Martin L. - 2016

It is difficult to resolve the global warming free-rider externality problem by negotiating many different quantity targets. By contrast, negotiating a single internationally-binding minimum carbon price (the proceeds from which are domestically retained) counters self-interest by incentivizing...

Persistent link: https://www.econbiz.de/10012456478

Adverse Selection as a Policy Instrument : Unraveling Climate Change

Cicala, Steve; Hémous, David; Olsen, Morten - National Bureau of Economic Research - 2022

This paper applies principles of adverse selection to overcome obstacles that prevent the implementation of Pigouvian policies to internalize externalities. Focusing on negative externalities from production (such as pollution), we consider settings in which aggregate emissions are known, but...

Persistent link: https://www.econbiz.de/10013334500