Externality‐Correcting Taxes and Regulation*

Autor:	Stephen C. Smith, Vidar Christiansen
Rok vydání:	2012
Předmět:	Consumption (economics) Microeconomics Economics and Econometrics Business economics Public economics Policy mix Control (management) Economics Imperfect Externality
Zdroj:	The Scandinavian Journal of Economics. 114:358-383
ISSN:	1467-9442 0347-0520
DOI:	10.1111/j.1467-9442.2012.01701.x
Popis:	In much of the literature on externalities, taxes and direct regulation have been considered as alternative policy instruments. Both instruments might be imperfect in practice, reflecting informational deficiencies and other limitations. We analyse the use of taxes and regulation in combination, to control externalities arising from individual consumption behaviour. We consider the cases either where taxes are imperfectly differentiated to reflect individual differences in externalities, or where some consumption escapes taxation. In both cases, we characterize the optimal instrument mix, and we show how changing the level of direct regulation alters the optimal externality tax.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::6e741ee7a525e4730869540c3d71584c https://doi.org/10.1111/j.1467-9442.2012.01701.x Zobrazit plný text záznamu Plný text ve formátu PDF