“More is less”: the tax effects of ignoring flow externalities
نویسندگان
چکیده
منابع مشابه
More is Less: the Tax Effects of Ignoring Flow Externalities
Using a model of nonlinear decay of the stock pollutant, and starting from the same initial conditions, the paper shows that an optimal tax that corrects for both stock and ßow externalities may result in a lower tax, fewer cumulative emissions (less decay) and higher output at the steady state than a corrective tax that ignores the ßow externality. The more is less result emphasizes that set...
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ژورنال
عنوان ژورنال: Resource and Energy Economics
سال: 2003
ISSN: 0928-7655
DOI: 10.1016/s0928-7655(02)00037-4