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Managing waste exports when closure risks are endogenous

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Listed:
  • Stähler, Frank
  • Michaelis, Peter

Abstract

This paper provides a rationale for taxing waste exports when closure risks are endogenous in that they depend on the importing country's accumulated stock of waste. The paper shows that the optimal time path of waste exports requires a progressively increasing tax rate which even surmounts a Hotelling tax which tackles the problem by evaluating the expected closure stock.

Suggested Citation

  • Stähler, Frank & Michaelis, Peter, 1993. "Managing waste exports when closure risks are endogenous," Kiel Working Papers 559, Kiel Institute for the World Economy.
    • Handle: RePEc:zbw:ifwkwp:559
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    References listed on IDEAS

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    1. Kenneth J. Arrow & Robert C. Lind, 1974. "Uncertainty and the Evaluation of Public Investment Decisions," Palgrave Macmillan Books, in: Chennat Gopalakrishnan (ed.), Classic Papers in Natural Resource Economics, chapter 3, pages 54-75, Palgrave Macmillan.
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