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Automobile Fuel Economy Standards: Impacts, Efficiency, and Alternatives
Parry, Ian; Anderson, Soren T.; Fischer, Carolyn; … - National Bureau of Economic Research (NBER) - 2010
methodologies imply for policy. Following that, we compare the welfare effects of fuel economy regulations to those of fuel taxes …
Persistent link: https://www.econbiz.de/10008646469
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Pollution Control Effort at China's River Borders: When Does Free Riding Cease?
Kahn, Matthew E.; Li, Pei; Zhao, Daxuan - National Bureau of Economic Research (NBER) - 2013
At political boundaries, local leaders often have weak incentives to reduce polluting activity because the social costs are borne by downstream neighbors. This paper exploits a natural experiment set in China in which the central government changed the local political promotion criteria and...
Persistent link: https://www.econbiz.de/10010951390
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The Welfare Impact of Indirect Pigouvian Taxation: Evidence from Transportation
Knittel, Christopher R.; Sandler, Ryan - National Bureau of Economic Research (NBER) - 2013
outcomes are inefficient. In the case of negative externalities, Pigouvian taxes are one way to correct this market failure …. In such cases, policy often taxes a product correlated with the externality. For example, instead of taxing vehicle … the implications of this approach within the personal transportation market. We have three general empirical results …
Persistent link: https://www.econbiz.de/10010951204
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The Choice of the Personal Income Tax Base
Gordon, Roger H.; Kopczuk, Wojciech - National Bureau of Economic Research (NBER) - 2014
Starting with Vickrey (1945) and Mirrlees (1971), the optimal tax literature has studied the design of a personal income tax. The assumed ideal would be to tax earnings ability. Earnings ability is unobservable for tax purposes, however. Past papers have focused instead on designing a tax on...
Persistent link: https://www.econbiz.de/10010951217
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Optimal Environmental Taxation in the Presence of Other Taxes: General Equilibrium Analyses
Bovenberg, A.L.Bovenberg; Goulder, Lawrence H. - National Bureau of Economic Research (NBER) - 1994
This paper examines the optimal setting of environmental taxes in economies where other, distortionary taxes are … optimal rate is lower the larger are the distortions posed by ordinary taxes. Numerical results indicate that previous studies … may have seriously overstated the size of the optimal carbon tax by disregarding pre-existing taxes. …
Persistent link: https://www.econbiz.de/10005248832
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Optimal Policy with Heterogeneous Preferences
Kaplow, Louis - National Bureau of Economic Research (NBER) - 2008
Optimal policy rules--including those regarding income taxation, commodity taxation, public goods, and externalities--are typically derived in models with homogeneous preferences. This article reconsiders many central results for the case in which preferences for commodities, public goods, and...
Persistent link: https://www.econbiz.de/10005084879
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The Optimal Elasticity of Taxable Income
Slemrod, Joel; Kopczuk, Wojciech - National Bureau of Economic Research (NBER) - 2000
The strength of the behavioral response to a tax rate change depends on the environment individuals operate in, and may be manipulated by instruments controlled by the government. We first derive a measure of the social benefit to affecting this elasticity. The paper then examines this effect in...
Persistent link: https://www.econbiz.de/10005087478
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An Optimal Tax System
Kaplow, Louis - National Bureau of Economic Research (NBER) - 2011
A notable feature and principal virtue of Tax by Design is its system-wide perspective on different elements of the tax system. This review essay builds on this trait and offers a more explicit foundation for the report's general approach, drawing on a distribution-neutral methodology that is...
Persistent link: https://www.econbiz.de/10009226936
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Estimates of the Social Cost of Carbon: Background and Results from the RICE-2011 Model
Nordhaus, William D. - National Bureau of Economic Research (NBER) - 2011
A new and important concept in global warming economics and policy is the social cost of carbon or SCC. This concept represents the economic cost caused by an additional ton of carbon-dioxide emissions or its equivalent. The present study describes the development of the concept as well as its...
Persistent link: https://www.econbiz.de/10009353479
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A Macroeconomic Theory of Optimal Unemployment Insurance
Saez, Emmanuel; Landais, Camille; Michaillat, Pascal - National Bureau of Economic Research (NBER) - 2010
We develop a theory of optimal unemployment insurance (UI) that accounts for workers’ job-search behavior and firms’ hiring behavior. The optimal replacement rate of UI is the conventional Baily [1978]-Chetty [2006a] rate, which solves the trade-off between insurance and job-search...
Persistent link: https://www.econbiz.de/10008693990