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We analyse tax competition with corporate income taxes in a common market where tax revenues are allocated according to an apportionment formula. Generally, tax competition is sharper (i.e., equilibrium tax rates are lower) the more tax-elastic is the apportionment formula. This depends on the...
Persistent link: https://www.econbiz.de/10011509377
The first part of the paper focusses on the implications of optimal intertemporal pollution control under alternative hypotheses about the assimilative capacity of environmental resources. Then it is shown how the optimal intertemporal allocation could be achieved by an emission tax policy. As...
Persistent link: https://www.econbiz.de/10011525173
We analyse tax competition with corporate profit taxes in a common market where tax revenues are allocated according to an apportionment formula. As a general rule, tax competition is sharper the higher is the tax elasticity of the apportionment formula which, in turn, depends on the properties...
Persistent link: https://www.econbiz.de/10011525282
In their seminal paper on production, consumption and externalities (AER, 1969), Ayres and Kneese initiated a research program on comprehensive analysis and management of residuals and pollution based on two pillars: the study of the residuals-generating materials flow subject to the mass...
Persistent link: https://www.econbiz.de/10011525289
Economists have a good understanding of intra-economic interdependence and a mature methodology of modeling it. Ecologists focus on the complex and sensitive interactions of species in ecosystems. This paper's objective is to suggest a new micro-foundation of ecosystem analysis based on economic...
Persistent link: https://www.econbiz.de/10011525415
concepts (externality theory) and their ramifications then turning to issues of interdisciplinarity and empirical relevance to …
Persistent link: https://www.econbiz.de/10011525688
Using a general equilibrium model where material is first extracted, then used for producing a consumption good, recycled and finally treated to reduce environmental damage, we study efficiency-restoring policies, when one or more of the constituent markets are inactive. The material is modeled...
Persistent link: https://www.econbiz.de/10011525693
This paper deals with two different types of irreversibility: Pollution irreversibility occurs if the stock of pollution cannot be reduced (any more) by nature's assimilative capacity; characteristics irreversibility occurs when some characteristic of the environmental resource is irreversibly...
Persistent link: https://www.econbiz.de/10011525803
In this paper we consider a competitive economy with flows of materials from extraction via recycling to landfilling which exhibits distortions due to pollution, external landfilling costs and inefficient product design. The allocative impact of tax-subsidy policies aiming at internalizing the...
Persistent link: https://www.econbiz.de/10009781631
In an integrated economy-ecosystem model humans choose their land use and leave the residual land as habitat for three species forming a food chain. The size of habitat determines the diversity and abundance of species. That biodiversity generates, in turn, a flow of ecosystem services with...
Persistent link: https://www.econbiz.de/10011450672