Bruvoll, Annegrete; Ibenholt, Karin - In: Environmental & Resource Economics 12 (1998) 4, pp. 387-401
According to optimal taxation theory, raw materials should be taxed to capture the embedded scarcity rent in their value. To reduce both natural resource use and the corresponding emissions, or the throughput in the economic system, the best policy may be a tax on material inputs. As a first...