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Environmental Levies and Distortionary Taxation : Pigou, Taxation, and Pollution
Metcalf, Gilbert E. - 2021
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/10013246490
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Tax and Subsidy Combinations for the Control of Car Pollution
Fullerton, Don; West, Sarah E. - 2021
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/10013210675
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The Two-Part Instrument in a Second-Best World
Fullerton, Don; Wolverton, Maryann - 2021
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/10013212602
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Can Taxes on Cars and on Gasoline Mimic an Unavailable Tax on Emissions?
Fullerton, Don; West, Sarah E. - 2021
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/10013233023
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Green Taxes and Administrative Costs : the Case of Carbon Taxation
Smulders, Sjak; Vollebergh, Herman R.J - 2022
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/10013294690
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Dynamic Corrective Taxes with Time-Varying Salience
Gilbert, Ben - 2018
The intermittency of payment for many goods creates a disconnect between paying and consuming such that the marginal price is not always salient when consumption decisions are made. This paper derives optimal dynamic corrective taxes when there are externalities as well as internalities from...
Persistent link: https://www.econbiz.de/10012911462
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The Purpose of Trade Agreements
Grossman, Gene M. - 2016
This paper reviews the literature on governments' motivations for negotiating and joining international trade agreements. I discuss both normative explanations for trade agreements and explanations based on political-economy concerns. Most of the paper focuses on the purpose of multilateral...
Persistent link: https://www.econbiz.de/10012996887
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Sufficient Statistics for Imperfect Externality-Correcting Policies
Jacobsen, Mark R. - 2016
, which require a minimum of market information, that quantify the efficiency costs of such constraints on policy design. We …
Persistent link: https://www.econbiz.de/10012997372
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Optimal Regulation of Financial Intermediaries
Di Tella, Sebastian - 2017
I characterize the optimal financial regulation policy in an economy where financial intermediaries trade capital assets on behalf of households, but must retain an equity stake to align incentives. Financial regulation is necessary because intermediaries cannot be excluded from privately...
Persistent link: https://www.econbiz.de/10012951871
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The Corrective Tax Versus Liability as Solutions to the Problem of Harmful Externalities
Shavell, Steven - 2010
importance in controlling harmful externalities. I compare the tax and liability here in theory and suggest that the conclusions … impractical for the state to incorporate into taxes all of the variables that significantly affect expected harm; efficiency of … incentives under strict liability, which requires only that actual harms be measured; efficiency of incentives to exercise …
Persistent link: https://www.econbiz.de/10013139749