The environmental protection authority as a monopoly
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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| Date of creation: | 20 Oct 1998 |
| Date of revision: | |
| Handle: | RePEc:wpa:wuwppe:9810007 |
| Note: | Type of Document - LaTex; prepared on IBM PC ; to print on HP; |
| Contact details of provider: | Web page: http://econwpa.repec.org
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References listed on IDEAS
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- W. Patrick Beaton, 1991. "The Impact of Regional Land-Use Controls on Property Values: The Case of the New Jersey Pinelands," Land Economics, University of Wisconsin Press, vol. 67(2), pages 172-194.
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