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Revenue-Recycling and the Efficiency and Spatial Distributional Impacts of Development Taxes AgEcon
Bento, Antonio M.; Franco, Sofia F.; Kaffine, Daniel T..
Recent studies that compare the efficiency and distributional impacts of alternative instruments to curb sprawl typically ignore what to do with the revenues from anti-sprawl policies, such as development taxes. This paper extends first-best analysis of development taxes aimed at preserving land at the urban fringe to account for interactions with other distortions within the urban system. By incorporating urban decline at the city core, which in turn, generates negative neighborhood spillover effects and extra pressure for development at the urban fringe, we provide a more complete framework to evaluate the efficiency and distributional impacts of development taxes. We consider three potential alternative schemes to recycle the revenues: lump sum...
Tipo: Working or Discussion Paper Palavras-chave: Urban Sprawl; Revenue-Recycling; Regional Coordination; Spatial Modeling; Environmental Economics and Policy; Land Economics/Use; Resource /Energy Economics and Policy; Q31; R14; R38.
Ano: 2008 URL: http://purl.umn.edu/51104
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Measuring the Effects of Environmental Regulations: The Critical Importance of a Spatially Disaggregated Analysis AgEcon
Auffhammer, Maximilian; Bento, Antonio M.; Lowe, Scott E..
We examine the effects of the 1990 Clean Air Act Amendments (CAAA) on ambient concentrations of PM10 in the United States between 1990 and 2005. Consistent with prior literature, we find that non-attainment designation has no effect on the average monitor in non-attainment counties, after controlling for weather, socioeconomic characteristics at the county level and lagged concentrations. In sharp contrast, if we allow for heterogeneous treatment by type of monitor and county, we do find that the 1990 CAAA produced substantial effects. Our estimation results suggest that non-attainment counties with single monitors experienced a drop in concentrations of 10.5% relative to attainment counties. In non-attainment counties with multiple monitors, the overall...
Tipo: Working or Discussion Paper Palavras-chave: Air Pollution; Clean Air Act; Spatial Modeling; Environmental Economics and Policy; Research Methods/ Statistical Methods; Q53; Q58.
Ano: 2007 URL: http://purl.umn.edu/6088
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