Showing 1 - 10 of 999
-related carbon dioxide (CO2) emissions, including carbon taxes and cap-and-trade systems applied economy-wide and to the power sector …, if revenues are used to substitute for distortionary income taxes (either directly, or indirectly through deficit … reduction), economy-wide carbon taxes (or auctioned allowance systems) may have (slightly) negative costs. The bottom line is …
Persistent link: https://www.econbiz.de/10013093823
One question surrounding the 2009 U.S. “Cash for Clunkers” program is whether it induced consumers to purchase greener vehicles than they would otherwise have purchased. This paper views the program as a natural experiment, which offered higher rebates to consumers buying more fuel-efficient...
Persistent link: https://www.econbiz.de/10013069995
Congestion levels have grown substantially in recent years, while the traditional economic response to congestion – road pricing – remains politically infeasible in most locations. Tradable permits are likely to be a more viable alternative, because they do not require a net financial flow...
Persistent link: https://www.econbiz.de/10011960485
Many transportation policies indirectly affect vehicle travel and resulting externalities by inducing changes in …
Persistent link: https://www.econbiz.de/10013435108
federal policy makers who historically have relied on motor vehicle fuel excise taxes to fund highway projects. This paper …
Persistent link: https://www.econbiz.de/10013334348
Pigouvian taxes and user fees can address environmental externalities and efficiently fund transportation … consequences of the gasoline tax, bus and light rail charges and a vehicle miles traveled (VMT) tax. Gas taxes have become more … gas taxes declines with expenditures much less than the share of income spent on gas taxes declines with income. Replacing …
Persistent link: https://www.econbiz.de/10013477238
simple expression for optimal taxes that accommodates consumption externalities within Mirrlees (1971) framework. Using this … expression, I conduct a positive analysis of taxation: assuming that observed taxes are optimal, I derive analytic expressions … consumption externality agents of different income impose to society. Using these expressions, I rationalize income taxes in the …
Persistent link: https://www.econbiz.de/10003909591
We derive a general optimal income tax formula when individuals respond along both the intensive and extensive margins and when income effects can prevail. Individuals are heterogeneous across two dimensions: their skill and their disutility of participation. Preferences over consumption and...
Persistent link: https://www.econbiz.de/10008808231
This paper characterizes optimal income taxation when individuals respond along both the intensive and extensive margins. Individuals are heterogeneous across two dimensions: specifically, their skill and disutility of participation. Preferences over consumption and work effort can differ with...
Persistent link: https://www.econbiz.de/10003944646
We study Pareto optimal tax and education policies when human capital upon labor market entry is endogenous and individuals face wage uncertainty. Though optimal labor distortions are history-dependent, i.e. depend on income and education, simple policy instruments can yield the desired...
Persistent link: https://www.econbiz.de/10009743921