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| Author: | Metcalf, G.E. |
| Title: | Pollution taxes in a second-best world |
| Journal: | Baltic journal of economics
2003 : AUTUMN/WINTER, VOL. 4:1, p. 21-34 |
| Index terms: | Environmental policy European Union Pollution charges Taxation |
| Language: | eng |
| Abstract: | This paper analyzes recent issues involved in setting environmental taxes in a second-best world. The basic message of this paper is that the policy prescriptions that most of us learned when studying environmental policy in isolation often must be significantly adapted once one moves to a general equilibrium framework with pre-existing distortions. |
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