Emissions taxes under double-sided environmental externalities
It is well established that if a polluter exercises market power, the optimal emission tax should be set below the Pigouvian level, i.e., the marginal damage of pollution. In this paper, we show that relying on this intuition can be misleading if pollution is generated by both production and consump...
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| Format: | article |
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2024
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| Online Access: | http://hdl.handle.net/10725/17325 https://doi.org/10.1016/j.econlet.2024.111884 http://libraries.lau.edu.lb/research/laur/terms-of-use/articles.php https://www.sciencedirect.com/science/article/pii/S0165176524003689 |
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