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Environmental costs of residuals: a characterization of efficient tax policies

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  • Ocaña Pérez de Tudela, Carlos
  • Pasqual i Rocabert, Joan

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.

Suggested Citation

  • Ocaña Pérez de Tudela, Carlos & Pasqual i Rocabert, Joan, 1992. "Environmental costs of residuals: a characterization of efficient tax policies," UC3M Working papers. Economics 10951, Universidad Carlos III de Madrid. Departamento de Economía.
    • Handle: RePEc:cte:werepe:10951
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    References listed on IDEAS

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    1. Jeremy Bulow, 1986. "An Economic Theory of Planned Obsolescence," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 101(4), pages 729-749.
    2. Baumol,William J. & Oates,Wallace E., 1988. "The Theory of Environmental Policy," Cambridge Books, Cambridge University Press, number 9780521322249, January.
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    Cited by:

    1. Joan Pasqual Rocabert, 2005. "Nuevos instrumentos de política ambiental," Working Papers wpdea0510, Department of Applied Economics at Universitat Autonoma of Barcelona.

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