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| Title: | Environmental costs of residuals: a characterization of efficient tax policies |
| Author(s): | Ocaña Pérez de Tudela, Carlos
Pasqual i Rocabert, Joan |
| Publisher: | Universidad Carlos III de Madrid. Departamento de Economía |
| Issued date: | Jan-1992 |
| URI: | http://hdl.handle.net/10016/10951 |
| Abstract: | Durable goods leave residuals after being retired from use. If the environmental costs of the residuals are external to consumers and producers of the good, then overproduction and excess residuals will result. Ad valorem taxes are show to be ineffective in eliminating this externality. The efficient regulatory policy is shown to be based on a pigouvian tax. |
| Serie / Nº.: | UC3M Working papers. Economics
92-01 |
| Keywords: | Externalities
Pollution control
Optimal taxation
Durable goods
Residuals |
| Appears in Collections: | Economists Online
DE - Working Papers. Economics. WE
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