Arbeitspapier

Optimal taxation of externalities interacting through markets: A theoretical general equilibrium analysis

This study develops a theoretical general equilibrium model to examine optimal externality tax policy in the presence of externalities linked to one another through markets rather than technical production relationships. Analytical results reveal that the second-best externality tax rate may be greater or less than the first-best rate, depending largely on the elasticity of substitution between the two externality-generating products. These results are explored empirically for the case of greenhouse gas from fossil fuel and nitrogen emissions associated with biofuels.

Sprache
Englisch

Erschienen in
Series: CESifo Working Paper ; No. 3259

Klassifikation
Wirtschaft
General Equilibrium and Disequilibrium: General
Taxation and Subsidies: Externalities; Redistributive Effects; Environmental Taxes and Subsidies
Environmental Economics: Government Policy
Thema
second-best tax
multiple externalities
biofuel
GHG emissions
nitrogen leaching
Internalisierung externer Effekte
Optimale Besteuerung
Second Best
Biokraftstoff
Treibhausgas
Stickoxid
Umweltbelastung
Allgemeines Gleichgewicht
Theorie

Ereignis
Geistige Schöpfung
(wer)
Ren, Xiaolin
Fullerton, Don
Braden, John B.
Ereignis
Veröffentlichung
(wer)
Center for Economic Studies and ifo Institute (CESifo)
(wo)
Munich
(wann)
2010

Handle
Letzte Aktualisierung
10.03.2025, 11:43 MEZ

Datenpartner

Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.

Objekttyp

  • Arbeitspapier

Beteiligte

  • Ren, Xiaolin
  • Fullerton, Don
  • Braden, John B.
  • Center for Economic Studies and ifo Institute (CESifo)

Entstanden

  • 2010

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