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| Tekijä: | Schob, R. |
| Otsikko: | Choosing the right instrument: the role of public revenues for environmental policy |
| Lehti: | Environmental and Resource Economics
1996 : DEC, VOL. 8:4, p. 399-416 |
| Asiasana: | ENVIRONMENTAL ECONOMICS NATURAL RESOURCES UNCERTAINTY |
| Kieli: | eng |
| Tiivistelmä: | This paper analyses the optimal choice of second-best optimal policies. Using a partial equilibrium model, the paper first reconfirms the well-known result that the existence of a double dividend (in its weak definition) favours environmental policy instruments which maximise tax revenues for a given improvement in environmental quality. Additional revenues can be used to reduce the distortion of existing taxes such as taxes on labour and capital income. Without uncertainty, environmental taxes and auctioned permist are equally appropriate. |
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