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Regulating untaxable externalities : are vehicle air pollution standards effective and efficient?
Jacobsen, Mark R.; Sallee, James M.; Shapiro, Joseph S.; … - 2022
What is a feasible and efficient policy to regulate air pollution from vehicles? A Pigouvian tax is technologically infeasible. Most countries instead rely on exhaust standards that limit air pollution emissions per mile for new vehicles. We assess the effectiveness and efficiency of these...
Persistent link: https://www.econbiz.de/10013463693
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Population under a cap on Greenhouse Gas Emissions
Bohn, Henning; Stuart, Charles - 2010
A cap on greenhouse gas emissions makes total emissions a fixed common-property resource. Population increases under a cap are therefore self-limiting: a population increase raises labor and reduces emissions per unit of labor, which lowers incomes and fertility. Because a marginal birth under a...
Persistent link: https://www.econbiz.de/10003967557
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Optimal pest control in agriculture
Christiaans, Thomas (contributor);  … - 2005
farming is shown to depend on the prices of pesticide and grain. It is either optimal to use no pesticide or a moderate amount … of pesticide or to apply a chattering control. Pest eradication is never optimal. On the other hand, if the farmer takes … pesticide depending on prices as well as on the shape of the grain production function which is determined by micro parameters …
Persistent link: https://www.econbiz.de/10003113272
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Externality-correcting taxes and regulation
Christiansen, Vidar; Smith, Stephen - 2009
Much of the literature on externalities has considered taxes and direct regulation as alternative policy instruments. Both instruments may in practice be imperfect, reflecting informational deficiencies and other limitations. We analyse the use of taxes and regulation in combination, to control...
Persistent link: https://www.econbiz.de/10003887337
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Pricing the ecosystem and taxing ecosystem services : a general equilibrium approach
Eichner, Thomas (contributor); Pethig, Ruediger (contributor) - 2007
Persistent link: https://www.econbiz.de/10003497662
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Atomistic congestion tolls at concentrated airports? : seeking a unified view in the internalization debate
Brueckner, Jan K. (contributor);  … - 2007
Persistent link: https://www.econbiz.de/10003498806
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Policies to internalize reciprocal international spillovers
Altemeyer-Bartscher, Martin (contributor);  … - 2007
Persistent link: https://www.econbiz.de/10003499681
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Free-riding or internalizing? : an opportunistic view on decentralization versus centralization
Fiorillo, Fabio; Sacchi, Agnese - 2011
comparing decentralized and centralized system. As in the recent Second Generation Theory (SGT) of fiscal federalism (Seabright … production cost of the public good in each region, a different trade-off - from the traditional and new theory of fiscal …
Persistent link: https://www.econbiz.de/10009009661
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Pigou meets mirrlees : on the irrelevance of tax distortions for the second-best Pigouvian tax
Jacobs, Bas; Mooij, Ruud A. de - 2011
This paper extends the Mirrlees (1971) model of optimal income redistribution with optimal corrective taxes to internalize consumption externalities. It is demonstrated that the optimal second-best tax on an externality-generating good should not be corrected for the marginal cost of public...
Persistent link: https://www.econbiz.de/10009010179
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Carbon prices for the next thousand years
Gerlagh, Reyer; Liski, Matti - 2012
Climate is a persistent asset, bar none: changes in climate-related stocks have consequences spanning over centuries or possibly millennia to the future. To reconcile the discounting of such far-distant impacts and realism of the shorter-term decisions, we consider hyperbolic time-preferences in...
Persistent link: https://www.econbiz.de/10009570590