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| Goulder, Lawrence H.; Parry, Ian W.H.; Williams, Roberton C., III; Burtraw, Dallas. |
| This paper employs analytical and numerical general equilibrium models to examine the costs of achieving pollution reductions under a range of environmental policy instruments in a second-best setting with pre-existing factor taxes. We compare the costs and overall efficiency impacts of emissions taxes, emissions quotas, fuels taxes, performance standards, and mandated technologies, and explore how costs change with the magnitude of pre-existing taxes and the extent of pollution abatement. We find that the presence of distortionary taxes raises the costs of pollution abatement under each instrument relative to its costs in a first-best world. This extra cost is an increasing function of the magnitude of pre-existing tax rates. For plausible values of... |
| Tipo: Working or Discussion Paper |
Palavras-chave: General equilibrium efficiency analysis; Environmental instrument choice; Second-best regulation; Environmental Economics and Policy; D58; H21; L51. |
| Ano: 1998 |
URL: http://purl.umn.edu/10522 |
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