| Registro completo |
| Provedor de dados: |
AgEcon
|
| País: |
United States
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| Título: |
A Note on Emissions Taxes and Incomplete Information
|
| Autores: |
Chavez, Carlos A.
Stranlund, John K.
|
| Data: |
2008-07-25
|
| Ano: |
2008
|
| Palavras-chave: |
Emissions Taxes
Incomplete Information
Uncertainty
Environmental Economics and Policy
Public Economics
Risk and Uncertainty
L51
Q28
|
| Resumo: |
In contrast with what we perceive is the conventional wisdom about setting emissions taxes under uncertainty, we demonstrate that setting a uniform tax equal to expected marginal damage is not generally efficient under incomplete information about firms’ abatement costs and damages from pollution. We show that efficient taxes will deviate from expected marginal damage if there is uncertainty about the slopes of the marginal abatement costs of regulated firms. Moreover, efficient emissions tax rates will vary across firms if a regulator can use observable firm-level characteristics to gain some information about how the firms’ marginal abatement costs vary.
|
| Tipo: |
Working or Discussion Paper
|
| Idioma: |
Inglês
|
| Identificador: |
http://purl.umn.edu/42129
|
| Relação: |
University of Massachusetts, Amherst>Department of Resource Economics>Working Paper Series
Working Paper
2008-5
|
| Formato: |
13
|
