Optimal Environmental Taxation
This paper shows that the integration of corrective environmental taxation and optimal tax theory must begin by recognizing that environmental pollution problems are market failures that arise in the absence of enforceable property rights for the assimilative capacity of environmental waste sinks to absorb and eliminate the residual byproducts of consumption and production.
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|Date of creation:||1996|
|Date of revision:|
|Contact details of provider:|| Postal: Williamstown, MA 01267|
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Web page: http://econ.williams.edu
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