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Setting Environmental Taxes in a Second-best World
Jaeger, William K. - Economics Department, Williams College - 2001
This paper compares the optimal environmental tax with two alternative definitions of marginal environmental damages. One definition reflects the social marginal rate of substitution between income and the environment; the other reflects the sum of households' marginal willingness to pay. The...
Persistent link: https://www.econbiz.de/10008520338
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Environmental Taxation and Redistribution Concerns
Aigner, Rafael - In: FinanzArchiv: Public Finance Analysis 70 (2014) 2, pp. 249-277
How is the optimal level of Pigouvian taxation influenced by distributive concerns? With second-best instruments, a higher level of income redistribution calls for a lower level of Pigouvian taxation. More redistribution implies higher distortions from income taxation. Pigouvian tax revenues...
Persistent link: https://www.econbiz.de/10010903118
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Replacing the Polluter Pays Principle by the Cheapest Cost Avoider Principle: On the Efficient Treatment of External Costs.
Schmidtchen, Dieter; Helstroffer, Jenny; Koboldt, Christian - Bureau d'Économie Théorique et Appliquée (BETA), … - 2015
Crucial to the analysis in this paper is the Coasian insight that external costs result from conflicting uses of scarce resources and that responsibility for these costs should not be attributed exclusively to polluters as required by the polluter pays principle (PPP). The paper argues that the...
Persistent link: https://www.econbiz.de/10011210987
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The Social Efficiency of Privately Enforced Property Rights.
Lasserre, Pierre - Département des Sciences Économiques, École des … - 1993
Persistent link: https://www.econbiz.de/10005827193
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Status Effects, Public Goods Provision, and the Excess Burden
Wendner, Ronald; Goulder, Lawrence H. - Volkswirtschaftliche Fakultät, … - 2008
Most studies of the optimal provision of public goods or the excess burden from taxation assume that individual utility is independent of other individuals' consumption. This paper investigates public good provision and excess burden in a model that allows for interdependence in consumption in...
Persistent link: https://www.econbiz.de/10005837192
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A Second Best Theory of Institutional Quality
Molinari, M. - In: Public Organization Review 14 (2014) 4, pp. 545-559
This paper illustrates a theory of the second best where the constraints to the achievement of the optimum are of … a service when contracts are incomplete and there is asymmetric information. We show that both corruption and bad … present. The theory supplies a possible explanation to the controversial empirical evidence on the economic effects of …
Persistent link: https://www.econbiz.de/10011154675
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Second Best Decision Making of Railway Operators: How to fix Fares, Frequency and Vehicle Size
Rietveld, Piet; Woudenberg, Stefan van - Tinbergen Instituut - 2007
Railway networks are characterised by variations in demand on different links. Optimal strategies therefore call for a differentiated treatment of fares, frequencies and vehicle sizes in various links. However, for several reasons, railway operators may apply uniform levels for these decision...
Persistent link: https://www.econbiz.de/10011256021
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Is There a Principle of Targeting in Environmental Taxation?
Liu, Jianquiao; Shiell, Leslie - Département d'Économie / Department of Economics, … - 2011
We test whether the principle of targeting (alternatively Sandmo’s (1975) additivity property and Kopczuk’s (2003) decomposition involving the Pigovian rule) has relevance for environmental taxation in a second best world consisting of an exogenous revenue requirement and pre-existing...
Persistent link: https://www.econbiz.de/10008876234
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Optimal incentives to reduce transboundary emissions: Theory and empirical illustration to sulphur emissions in Austria and (former) Czechoslovakia
Huber, Claus; Wirl, Franz - In: Empirica 23 (1996) 2, pp. 149-172
Persistent link: https://www.econbiz.de/10008926196
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Second-best Random Redistribution.
Gauthier, Stéphane; Laroque, Guy - Centre d'Économie de la Sorbonne, Université Paris 1 … - 2011
Random taxation may be optimal when the taxpayers differ in their attitudes towards risk, so that tax randomization enables the government to relax the incentive constraints. The paper provides a necessary and sufficient condition for local random deviations to be welfare improving in a...
Persistent link: https://www.econbiz.de/10009359823