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| Author: | Rubio, S.J. Escriche, L. |
| Title: | Strategic pigouvian taxation, stock externalities and polluting non-renewable resources |
| Journal: | Journal of Public Economics
2001 : FEB, VOL. 79:2, p. 297-313 |
| Index terms: | CARTELS NON-RENEWABLE RESOURCES POLLUTION CHARGES |
| Freeterms: | COALITIONS PIGOUVIAN TAXATION STOCK EXTERNALITIES |
| Language: | eng |
| Abstract: | This paper uses Wirl's model designed to analyze the long-term bilateral interdependence between a resource-exporting cartel and coalition of resource importing country governments for investigating under what conditions a carbon tax would make it possible for the coalition to appropriate part of the cartel's profits. The results show that the tax defined by the Markov-perfect Nash equilibrium is a neutral pigouvian tax - in the sense that it corrects only the market inefficiency caused by the stock externality. |
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