We investigate a cash-out scheme for Tokyo Electric Power Company's (TEPCO) reparation for the Fukushima No. 1 Nuclear Power Station accident in the Great East Japan Earthquake on March 11, 2011. The scheme enables TEPCO to continue its service as a private company. As its balance sheets...

Bovenberg and Mooij (1994) and others pointed out that the optimal taxation on goods with external diseconomy both collects revenue and also corrects the external diseconomy by the goods, and thus it is said that the tax has gdouble dividendsh. The purpose of the present paper is to examine...