The environmental protection authority as a monopoly

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The environmental protection authority as a monopoly

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Leon Taylor (Dillard University)

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Leon Taylor

Abstract

Small jurisdictions vie for economic development by relaxing pollution controls. This can cause damaging spillovers. Many policy analysts recommend replacing the small jurisdictions with a single authority that taxes development. But as the sole producer of development rights to a unique area, the authority will permit less development than is Pareto- efficient. Whether it can sustain monopoly power depends upon the form of its tax on development. Periodic taxes (such as annual property taxes) will sustain market power longer than will onetime taxes (such as those on transfer of ownership). Rather than create a monopoly, one can create an authority that taxes small jurisdictions for spillovers but otherwise lets them compete

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Paper provided by EconWPA in its series Public Economics with number 9810007.

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Date of creation: 20 Oct 1998
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Handle: RePEc:wpa:wuwppe:9810007

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Find related papers by JEL classification:
R52 - Urban, Rural, and Regional Economics - - Regional Government Analysis - - - Land Use and Other Regulations

This paper has been announced in the following NEP Reports:

NEP-ALL-1998-12-09 (All new papers)
NEP-CDM-1998-12-09 (Collective Decision-Making)
NEP-ENV-1998-12-09 (Environmental Economics)
NEP-PUB-1998-12-09 (Public Finance)

References listed on IDEAS
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Brito, Dagobert L & Oakland, William H, 1980. "On the Monopolistic Provision of Excludable Public Goods," American Economic Review, American Economic Association, vol. 70(4), pages 691-704, September. [Downloadable!] (restricted)
Hanushek, Eric A & Quigley, John M, 1990. "Commercial Land Use Regulation and Local Government Finance," American Economic Review, American Economic Association, vol. 80(2), pages 176-80, May. [Downloadable!] (restricted)
Frech, H. III & Lafferty, Ronald N., 1984. "The effect of the California Coastal Commission on housing prices," Journal of Urban Economics, Elsevier, vol. 16(1), pages 105-123, July. [Downloadable!] (restricted)
Coase, Ronald H, 1972. "Durability and Monopoly," Journal of Law & Economics, University of Chicago Press, vol. 15(1), pages 143-49, April.
Parsons, George R., 1992. "The effect of coastal land use restrictions on housing prices: A repeat sale analysis," Journal of Environmental Economics and Management, Elsevier, vol. 22(1), pages 25-37, January. [Downloadable!] (restricted)

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