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Environmental taxes on exhaustible resources

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  • Amundsen, Eirik S.
  • Schob, Ronnie

Abstract

Environmental problems are tied to the use of exhaustible resources. A resource tax extracts rents from the resource owning countries, whitout creating significant incentives for consumers to reduce their resource consumption. The placement of the tax burden on resource owners affects the international distribution of wealth. In this paper we show that it is optimal for small countries who do not coordinate their national environmental policies, to impose a time-variant Pigovian tax.
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Suggested Citation

  • Amundsen, Eirik S. & Schob, Ronnie, 1999. "Environmental taxes on exhaustible resources," European Journal of Political Economy, Elsevier, vol. 15(2), pages 311-329, June.
  • Handle: RePEc:eee:poleco:v:15:y:1999:i:2:p:311-329
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    References listed on IDEAS

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    1. Kolstad, Charles D. & Krautkraemer, Jeffrey A., 1993. "Natural resource use and the environment," Handbook of Natural Resource and Energy Economics,in: A. V. Kneese† & J. L. Sweeney (ed.), Handbook of Natural Resource and Energy Economics, edition 1, volume 3, chapter 26, pages 1219-1265 Elsevier.
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    7. Konrad Kai A. & Olsen Trond E. & Schob Ronnie, 1994. "Resource Extraction and the Threat of Possible Expropriation: The Role of Swiss Bank Accounts," Journal of Environmental Economics and Management, Elsevier, vol. 26(2), pages 149-162, March.
    8. Hoel, Michael, 1992. "Carbon taxes : An international tax or harmonized domestic taxes?," European Economic Review, Elsevier, vol. 36(2-3), pages 400-406, April.
    9. Farzin, Y. H., 1996. "Optimal pricing of environmental and natural resource use with stock externalities," Journal of Public Economics, Elsevier, vol. 62(1-2), pages 31-57, October.
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    Citations

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    Cited by:

    1. Antoine Belgodere, 2009. "On The Path Of An Oil Pigovian Tax," Manchester School, University of Manchester, vol. 77(5), pages 632-649, September.
    2. repec:ces:ifosdt:v:71:y:2018:i:18:p:40-42 is not listed on IDEAS
    3. repec:ces:ifobei:77 is not listed on IDEAS
    4. Eduardo, Ley & Jessica, Boccardo, 2009. "The Taxation of Motor Fuel: International Comparison," MPRA Paper 19461, University Library of Munich, Germany.
    5. Julien Daubanes & André Grimaud, 2010. "Taxation of a Polluting Non-renewable Resource in the Heterogeneous World," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 47(4), pages 567-588, December.
    6. Daniel Nachtigall, 2017. "Prices versus Quantities: The Impact of Fracking on the Choice of Climate Policy Instruments in the Presence of OPEC," Working Papers 2017001, Berlin Doctoral Program in Economics and Management Science (BDPEMS).
    7. Belgodere, Antoine, 2007. "Ressource non renouvelable polluante : décentralisation de l'optimum en présence d'un pouvoir de marché
      [Polluting nonrenewable resources: decentralization of the optimum in the presence of market
      ," MPRA Paper 28278, University Library of Munich, Germany.
    8. Larry Karp & Sauleh Siddiqui & Jon Strand, 2016. "Dynamic Climate Policy with Both Strategic and Non-strategic Agents: Taxes Versus Quantities," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 65(1), pages 135-158, September.
    9. Ronnie Schöb, 2003. "The Double Dividend Hypothesis of Environmental Taxes: A Survey," CESifo Working Paper Series 946, CESifo Group Munich.
    10. Julien Daubanes & Ruxanda Berlinschi, 2009. "Prendre d’une main et donner de l’autre : taxation des produits pétroliers et aide internationale," Économie et Prévision, Programme National Persée, vol. 190(4), pages 21-37.
    11. Poul Schou, 2000. "Polluting Non-Renewable Resources and Growth," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 16(2), pages 211-227, June.
    12. repec:cup:macdyn:v:22:y:2018:i:06:p:1391-1427_00 is not listed on IDEAS
    13. repec:kap:enreec:v:68:y:2017:i:3:d:10.1007_s10640-015-9982-1 is not listed on IDEAS
    14. Daniel Nachtigall, 2016. "Climate policy under firm relocation: The implications of phasing out free allowances," Working Papers 2016007, Berlin Doctoral Program in Economics and Management Science (BDPEMS).
    15. Christian Beermann, 2015. "Climate Policy and the Intertemporal Supply of Fossil Resources," ifo Beiträge zur Wirtschaftsforschung, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, number 62.
    16. Max Franks & Ottmar Edenhofer & Kai Lessmann, 2017. "Why Finance Ministers Favor Carbon Taxes, Even If They Do Not Take Climate Change into Account," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 68(3), pages 445-472, November.
    17. Simone Valente & Luca Bretschger, 2013. "International Resource Tax Policies Beyond Rent Extraction," Working Paper Series 15313, Department of Economics, Norwegian University of Science and Technology.
    18. Ganelli, Giovanni & Tervala, Juha, 2011. "International transmission of environmental policy: A New Keynesian perspective," Ecological Economics, Elsevier, vol. 70(11), pages 2070-2082, September.
    19. Nachtigall, Daniel, 2017. "Prices versus quantities: The impact of fracking on the choice of climate policy instruments in the presence of OPEC," Discussion Papers 2017/6, Free University Berlin, School of Business & Economics.
    20. L. Lambertini, 2014. "On the Interplay between Resource Extraction and Polluting Emissions in Oligopoly," Working Papers wp976, Dipartimento Scienze Economiche, Universita' di Bologna.
    21. Nachtigall, Daniel, 2016. "Climate policy under firm relocation: The implications of phasing out free allowances," Discussion Papers 2016/25, Free University Berlin, School of Business & Economics.
    22. Strand, Jon, 2010. "Taxes and caps as climate policy instruments with domestic and imported fuels," Policy Research Working Paper Series 5171, The World Bank.
    23. Bretschger, Lucas & Valente, Simone, 2018. "Productivity Gaps And Tax Policies Under Asymmetric Trade," Macroeconomic Dynamics, Cambridge University Press, vol. 22(06), pages 1391-1427, September.

    More about this item

    JEL classification:

    • H21 - Public Economics - - Taxation, Subsidies, and Revenue - - - Efficiency; Optimal Taxation
    • H23 - Public Economics - - Taxation, Subsidies, and Revenue - - - Externalities; Redistributive Effects; Environmental Taxes and Subsidies
    • Q38 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation - - - Government Policy (includes OPEC Policy)

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