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Pigouvian Taxation with Costly Administration and Multiple Externalities

2016
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Release : 2016
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Book Synopsis Pigouvian Taxation with Costly Administration and Multiple Externalities by : Daniel Jaqua

Download or read book Pigouvian Taxation with Costly Administration and Multiple Externalities written by Daniel Jaqua. This book was released on 2016. Available in PDF, EPUB and Kindle. Book excerpt: This paper generalizes corrective taxation to settings with costly administration and many externalities. If administrative cost varies only with the pollution generating activity, the optimal tax is equal to the externality added to the marginal administrative cost, and the private market fully internalizes the externality and administrative cost. If, due to the nature of enforcement, administrative cost varies with tax rates, then optimal policy leaves some portion of externalities uncorrected. As a result, using taxes to modify complement and substitute activities will be welfare increasing. Optimal policy may include subsidizing some harmful activities in order to reduce levels of even more harmful substitutes. Similarly, if the optimal activity mix changes with the scale of production and if higher scales of production use less harmful activity mixes, subsidizing the output of a harmful production process may be optimal.

Tax Policy and the Environment

1994-09-01 Business & Economics
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Release : 1994-09-01
Genre : Business & Economics
Kind : eBook
Book Rating : 089/5 ( reviews)

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Book Synopsis Tax Policy and the Environment by : Mr.David C. L. Nellor

Download or read book Tax Policy and the Environment written by Mr.David C. L. Nellor. This book was released on 1994-09-01. Available in PDF, EPUB and Kindle. Book excerpt: This paper provides a framework for examining environment taxes. It reviews the theoretical efficiency of three types of environment taxes: taxes on emissions or Pigouvian taxes; taxes on productive inputs or consumer goods whose use is related to environmental damage; and environment-related provisions in other taxes. A survey of environment taxes in 42 countries--drawn from developing countries, economies in transition, and industrial countries--illustrates that the use of environment taxes differs dramatically from the recommendations of environment tax theory. This divergence between the theory and practice of environment taxes can be attributed to several factors; environment taxes are difficult to implement, there are many factors that impede their effectiveness, and their introduction may be discouraged by their implications for other policy objectives.

Double Dividend

2013-11-29 Business & Economics
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Release : 2013-11-29
Genre : Business & Economics
Kind : eBook
Book Rating : 097/5 ( reviews)

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Book Synopsis Double Dividend by : Dale W. Jorgenson

Download or read book Double Dividend written by Dale W. Jorgenson. This book was released on 2013-11-29. Available in PDF, EPUB and Kindle. Book excerpt: A rigorous and innovative approach for integrating environmental policies and fiscal reform for the U.S. economy. Energy utilization, especially from fossil fuels, creates hidden costs in the form of pollution and environmental damages. The costs are well documented but are hidden in the sense that they occur outside the market, are not reflected in market prices, and are not taken into account by energy users. Double Dividend presents a novel method for designing environmental taxes that correct market prices so that they reflect the true cost of energy. The resulting revenue can be used in reducing the burden of the overall tax system and improving the performance of the economy, creating the double dividend of the title. The authors simulate the impact of environmental taxes on the U.S. economy using their Intertemporal General Equilibrium Model (IGEM). This highly innovative model incorporates expectations about future prices and policies. The model is estimated econometrically from an extensive 50-year dataset to incorporate the heterogeneity of producers and consumers. This approach generates confidence intervals for the outcomes of changes in economic policies, a new feature for models used in analyzing energy and environmental policies. These outcomes include the welfare impacts on individual households, distinguished by demographic characteristics, and for society as a whole, decomposed between efficiency and equity.

Encyclopedia of Energy, Natural Resource, and Environmental Economics

2013-03-29 Business & Economics
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Release : 2013-03-29
Genre : Business & Economics
Kind : eBook
Book Rating : 524/5 ( reviews)

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Book Synopsis Encyclopedia of Energy, Natural Resource, and Environmental Economics by :

Download or read book Encyclopedia of Energy, Natural Resource, and Environmental Economics written by . This book was released on 2013-03-29. Available in PDF, EPUB and Kindle. Book excerpt: Every decision about energy involves its price and cost. The price of gasoline and the cost of buying from foreign producers; the price of nuclear and hydroelectricity and the costs to our ecosystems; the price of electricity from coal-fired plants and the cost to the atmosphere. Giving life to inventions, lifestyle changes, geopolitical shifts, and things in-between, energy economics is of high interest to Academia, Corporations and Governments. For economists, energy economics is one of three subdisciplines which, taken together, compose an economic approach to the exploitation and preservation of natural resources: energy economics, which focuses on energy-related subjects such as renewable energy, hydropower, nuclear power, and the political economy of energy resource economics, which covers subjects in land and water use, such as mining, fisheries, agriculture, and forests environmental economics, which takes a broader view of natural resources through economic concepts such as risk, valuation, regulation, and distribution Although the three are closely related, they are not often presented as an integrated whole. This Encyclopedia has done just that by unifying these fields into a high-quality and unique overview. The only reference work that codifies the relationships among the three subdisciplines: energy economics, resource economics and environmental economics. Understanding these relationships just became simpler! Nobel Prize Winning Editor-in-Chief (joint recipient 2007 Peace Prize), Jason Shogren, has demonstrated excellent team work again, by coordinating and steering his Editorial Board to produce a cohesive work that guides the user seamlessly through the diverse topics This work contains in equal parts information from and about business, academic, and government perspectives and is intended to serve as a tool for unifying and systematizing research and analysis in business, universities, and government

The Economics of Welfare

1920 Economics
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Release : 1920
Genre : Economics
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Book Synopsis The Economics of Welfare by : Arthur Cecil Pigou

Download or read book The Economics of Welfare written by Arthur Cecil Pigou. This book was released on 1920. Available in PDF, EPUB and Kindle. Book excerpt:

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