search query: @author Goulder, L. / total: 5
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| Author: | Goulder, L. |
| Title: | Revenue-raising versus other approaches to environmental protection: the critical significance of preexisting tax distortions |
| Journal: | RAND Journal of Economics
1997 : WINTER, VOL. 28:4, p. 708-731 |
| Index terms: | ENVIRONMENTAL PROTECTION TAXATION ECONOMICS |
| Language: | eng |
| Abstract: | Using analytical and numerical general equilibrium models, the authors show that preexisting factor taxes produce a "tax-interaction effect" that substantially increases the costs of pollution taxes and quotas. Under policies that raise revenue and recycle it through cuts in marginal factor tax rates, this effect is partially offset by a "revenue-recycling effect". Grandfathered pollution quotas such as those used under the 1990 Clean Air Act Amendments to regulate electric utilities' SO2 emissions, do not benefit from this offset. |
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