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Externalities, Border Trade and Illegal Production: An Optimal Tax Approach to Alcohol Policy
Aronsson, Thomas; Sjögren, Tomas - Institutionen för Nationalekonomi, Umeå Universitet - 2005
This paper deals with optimal income and commodity taxation in an economy, where alcohol is an externality …-generating consumption good. In our model, alcohol can be bought domestically, imported (via border trade) or produced illegally. Border … trade implies an incentive to set the domestic alcohol tax below the marginal social damage of alcohol, and to tax …
Persistent link: https://www.econbiz.de/10005652041
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A unified perspective on efficiency, redistribution, and public policy
Kaplow, Louis - 2020
Specialized theoretical and empirical research should in principle be embedded in a unified framework that identifies the relevant interactions among different phenomena, enables an appropriate matching of policy instruments to objectives, and grounds normative analysis in individuals' utilities...
Persistent link: https://www.econbiz.de/10012174286
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Optimal Control of Externalities in the Presence of Income Taxation
Kaplow, Louis - 2007
A substantial literature examines second-best environmental policy, focusing particularly on how the Pigouvian directive that marginal taxes should equal marginal external harms needs to be modified in light of the preexisting distortion due to labor income taxation. Additional literature is...
Persistent link: https://www.econbiz.de/10012731608
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Optimal sin taxation and market power
O'Connell, Martin; Smith, Kate - 2021
This paper studies the design of sin taxes when firms exercise market power. We outline an optimal tax framework that highlights how market power impacts the efficiency and redistributive properties of sin taxation, and quantify these effects in an application to sugar-sweetened beverage...
Persistent link: https://www.econbiz.de/10012623743
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Optimal Policy with Heterogeneous Preferences
Kaplow, Louis - 2008
Optimal policy rules - including those regarding income taxation, commodity taxation, public goods, and externalities - are typically derived in models with homogeneous preferences. This article reconsiders many central results for the case in which preferences for commodities, public goods, and...
Persistent link: https://www.econbiz.de/10014216322
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Tax design in the alcohol market
Griffith, Rachel; O'Connell, Martin; Smith, Kate - 2017
We study optimal corrective taxation in the alcohol market. Consumption generates negative externalities that are non …-linear in the total amount of alcohol consumed. If tastes for products are heterogeneous and correlated with marginal … framework and empirically for the UK alcohol market. Welfare gains from optimally varying rates are higher the more concentrated …
Persistent link: https://www.econbiz.de/10011817184
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Chapter 10 Taxation
Kaplow, Louis - In: Handbook of law and economics : volume 1, (pp. 647-755). 2007
This Handbook entry presents a conceptual, normative overview of the subject of taxation. It emphasizes the relationships among the main functions of taxation—notably, raising revenue, redistributing income, and correcting externalities—and the mapping between these functions and various...
Persistent link: https://www.econbiz.de/10014023506
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Managing the spatial externalities of renewable energy deployment : uniform vs. differentiated regulation
Geiger, Charlotte; Lehmann, Paul - 2021
With the expansion of renewable energy sources (RES) in countries all over the world, policy design to address the negative impacts of RES plants on their local and regional environment gains in importance. We analyse whether policy design should be spatially-differentiated or uniform when...
Persistent link: https://www.econbiz.de/10012487862
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Income Taxation and Optimal Government Policy
Kaplow, Louis - 2005
Various economic literatures address the question whether first-best prescriptions for government policy require modification because redistributive income taxation distorts labor supply and cannot achieve the distributive ideal. Perhaps second-best rules for public goods provision, corrective...
Persistent link: https://www.econbiz.de/10014061860
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Optimal Income Taxation
Kaplow, Louis - National Bureau of Economic Research - 2022
This article explores subjects in optimal income taxation characterized by recent research interest, practical importance in light of concerns about inequality, potential for misunderstanding, and prospects for advancement. Throughout, the analysis highlights paths for further investigation....
Persistent link: https://www.econbiz.de/10013334417