Optimal taxation of exhaustible resource under monopoly

Autor:	Jeong-Bin Im
Rok vydání:	2002
Předmět:	Tax policy Economics and Econometrics ComputingMilieux_LEGALASPECTSOFCOMPUTING Competitive equilibrium ComputingMilieux_GENERAL Microeconomics Monopolistic competition General Energy Economics Resource allocation Distortion (economics) Optimal tax Monopoly Imperfect competition
Zdroj:	Energy Economics. 24:183-197
ISSN:	0140-9883
DOI:	10.1016/s0140-9883(02)00017-8
Popis:	This paper deals with the problem of using taxes (or subsidies) to correct the inefficient resource allocation under monopoly. In this paper, the question raised is ‘what would be the optimal tax on resource extraction under monopoly?’ Ultimately, it is shown that taxes may be devised to generate price and extraction paths under monopoly that are identical to those under the competitive equilibrium. Tax policy can thus be used as an instrument for changing the distortionary resource allocation generated by the monopolist.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::e64fc4ade00684cbc6e7f555b945d51b https://doi.org/10.1016/s0140-9883(02)00017-8 Zobrazit plný text záznamu Full Text from ScienceDirect