G2TT
来源类型Discussion paper
规范类型论文
来源IDDP1179
DP1179 Capital Mobility, Fiscal Policy and Growth Under Self-Financing of Human Capital Formation
Willem Buiter; Kenneth Kletzer
发表日期1995-05-31
出版年1995
语种英语
摘要The paper analyses the problem of optimal taxation in oligopoly when environmental degradation induced by the industry production process feeds back into market demand. The main assumption is that economic agents and the policy-maker care about the environment only because its degradation affects the industry's economic performance. The environment does not enter directly either into the utility function or into the social welfare function. We consider an industry in which n asymmetric firms compete à la Cournot. Each firm is subject to the same environmental legislation, either because they belong to the same country, or because environmental policy is internationally coordinated. Asymmetry arises because firms use different technologies (their marginal costs differ). The first part of the paper focuses on the comparative static effects of the environmental tax. We show that market share and profits of some firms can increase when the tax rate is raised if environmental feedbacks are sufficiently high and the industry is not very asymmetric. Moreover, the relationship between industry concentration and emission taxation is explored. The second part of the paper faces the problem of optimal taxation. We show that there may exist an optimal tax such that some firms increase their profits and/or their market share. Moreover, the optimal tax rate is inversely related to the industry asymmetry (the variance of firms' marginal costs), and positively related to the perceived environmental damage.
主题Industrial Organization
关键词Environment Market structure Oligopoly Taxation Welfare
URLhttps://cepr.org/publications/dp1179
来源智库Centre for Economic Policy Research (United Kingdom)
资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/530321
推荐引用方式
GB/T 7714
Willem Buiter,Kenneth Kletzer. DP1179 Capital Mobility, Fiscal Policy and Growth Under Self-Financing of Human Capital Formation. 1995.
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