| Registro completo |
| Provedor de dados: |
AgEcon
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| País: |
United States
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| Título: |
Is There a Rationale for Rebating Environmental Levies?
|
| Autores: |
Bernard, Alain
Fischer, Carolyn
Vielle, Marc
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| Data: |
2005-10-26
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| Ano: |
2001
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| Palavras-chave: |
Environmental levy
Tax rebate
Fiscal distortions
Environmental Economics and Policy
Q2
Q43
H2
D61
|
| Resumo: |
Political pressure often exists for rebating environmental levies, particularly when incomplete regulatory coverage allegedly creates an"unlevel playing field" with other, unregulated firms or industries. This paper assesses the conditions under which rebating environmental levies is justified for the regulated sector. It combines a theoretical approach based on second-best modeling with numerical simulations aimed at determining the most sensitive parameters. We find that if an adequate tax on production can be levied in the unregulated sector, no rebate is justified for the regulated sector. Moreover, even in the case of constrained taxation in the unregulated sector, a tax rebate or a subsidy in the regulated sector is not necessarily a welfare-increasing policy. The exception occurs when the goods of the competing sectors are close substitutes. We find that these kinds of policy constraints can be quite costly in terms of welfare.
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| Tipo: |
Working or Discussion Paper
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| Idioma: |
Inglês
|
| Identificador: |
18564
http://purl.umn.edu/10512
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| Editor: |
AgEcon Search
|
| Relação: |
Resources for the Future>Discussion Papers
Discussion Paper 01-31
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| Formato: |
36
application/pdf
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