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Welfare Externalities And Taxation
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Book Synopsis Environmental Policy, Sustainability and Welfare by : Thomas Aronsson
Download or read book Environmental Policy, Sustainability and Welfare written by Thomas Aronsson and published by Edward Elgar Publishing. This book was released on 2018-01-26 with total page 186 pages. Available in PDF, EPUB and Kindle. Book excerpt: This comprehensive and accessible textbook addresses important relationships between economics and environmental policy, highlighting in particular the role of taxation. It also connects environmental policy to social accounting by describing how measures of welfare and sustainable development depend on whether policies successfully internalize market failures.
Book Synopsis Taxing Externalities by : Matthew Kotchen
Download or read book Taxing Externalities written by Matthew Kotchen and published by . This book was released on 2022 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper asserts that reporting of the ratio of welfare gains to tax revenue should be standard protocol in economic analyses of externality correcting taxes. That this comparison might matter is somewhat of a "blind spot" in most economic analyses, for it plays virtually no role when economists recommend taxes to internalize externalities. A simple model illustrates how the ratio of welfare gains to tax revenue plays a central role in a political economy and efficiency framing of Pigouvian type taxes. The analysis also shows intuitive results about how the ratio is increasing in the marginal external costs and the equilibrium elasticity to a tax. The second part of the paper illustrates the wide range of potential results with application of carbon taxes to different fuels in the United States. For example, assuming a social cost of carbon (SCC) and a carbon tax equal to $50 per tonne, the central estimates imply ratios of 12.1 for coal, 0.36 for natural gas, and very close to zero for diesel and gasoline. When all four fuels are combined, the ratios indicate a more proportional balance between welfare gains and tax revenue, with overall estimates ranging between 0.7 and 2.8. The paper concludes with a general appeal for economists to pay more attention to the relative magnitudes of efficiency gains and tax revenue when analyzing and advocating for externality correcting taxes.
Book Synopsis Taxation and Welfare in Economics with Externalities and Unemployment by : Felix R. Fitzroy
Download or read book Taxation and Welfare in Economics with Externalities and Unemployment written by Felix R. Fitzroy and published by . This book was released on 1993 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Taxing Externalities by : Matthew Kotchen
Download or read book Taxing Externalities written by Matthew Kotchen and published by . This book was released on 2022 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper asserts that reporting of the ratio of welfare gains to tax revenue should be standard protocol in economic analyses of externality correcting taxes. That this comparison might matter is somewhat of a "blind spot" in most economic analyses, for it plays virtually no role when economists recommend taxes to internalize externalities. A simple model illustrates how the ratio of welfare gains to tax revenue plays a central role in a political economy and efficiency framing of Pigouvian type taxes. The analysis also shows intuitive results about how the ratio is increasing in the marginal external costs and the equilibrium elasticity to a tax. The second part of the paper illustrates the wide range of potential results with application of carbon taxes to different fuels in the United States. For example, assuming a social cost of carbon (SCC) and a carbon tax equal to $50 per tonne, the central estimates imply ratios of 12.1 for coal, 0.36 for natural gas, and very close to zero for diesel and gasoline. When all four fuels are combined, the ratios indicate a more proportional balance between welfare gains and tax revenue, with overall estimates ranging between 0.7 and 2.8. The paper concludes with a general appeal for economists to pay more attention to the relative magnitudes of efficiency gains and tax revenue when analyzing and advocating for externality correcting taxes.
Book Synopsis Welfare, Incentives, and Taxation by : James A. Mirrlees
Download or read book Welfare, Incentives, and Taxation written by James A. Mirrlees and published by Oxford University Press, USA. This book was released on 2006 with total page 602 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume brings together published and unpublished but seminal work in welfare, development, and public sector economics, providing an overview of much of the author's work.
Book Synopsis Public Economics by : Gareth D. Myles
Download or read book Public Economics written by Gareth D. Myles and published by Cambridge University Press. This book was released on 1995-11-23 with total page 564 pages. Available in PDF, EPUB and Kindle. Book excerpt: This textbook provides a thorough treatment of all the central topics in public economics. Aimed at senior undergraduate and graduate students, it will also be invaluable to professional economists and to those teaching in the field. The book is entirely self-contained, giving all the equilibrium theory and welfare economics needed to understand the analyses. The author covers the Arrow-Debreu economy, welfare economics and the measurement of inequality and poverty which lay the foundations and emphasise the important role played by information. Within the competitive economy, he examines commodity taxation, income taxation and tax reform in a certain environment. He goes on to study the public economics of uncertainty, and then treats public goods, externalities, imperfect competition and tax evasion as departures from the standard competitive assumptions and looks at their implication for public economics derived.
Book Synopsis The Economics of Welfare by : Arthur Cecil Pigou
Download or read book The Economics of Welfare written by Arthur Cecil Pigou and published by . This book was released on 1920 with total page 1024 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Applied Welfare Economics by : Chris Jones
Download or read book Applied Welfare Economics written by Chris Jones and published by OUP Oxford. This book was released on 2005-05-05 with total page 332 pages. Available in PDF, EPUB and Kindle. Book excerpt: Applied Welfare Economics uses important results in the welfare economics literature to extend a conventional Harberger cost-benefit analysis. After reviewing the properties of different welfare measures a conventional welfare equation is used to evaluate marginal policy changes in a general equilibrium economy with tax distortions. The analysis is extended to accommodate trade and income taxes, time, internationally traded goods, and non-tax distortions, including externalities, non-competitive behaviour, public goods and price quantity controls. The welfare analysis is developed in stages, and where possible is explained using diagrams, to make it more adaptable to the different institutional arrangements encountered in applied work. With this in mind, computable welfare expressions are solved using demand and supply elasticities for each good. The lump-sum transfers used in a conventional analysis to separate welfare effects are carefully examined to identify the role of the marginal social cost of public funds (MCF) in policy evaluation. The main contribution in the book is to separate income effects for marginal policy changes in the shadow value of government revenue, which converts efficiency effects into dollar changes in private surplus. It is a scaling coefficient that makes income effects irrelevant in single (aggregated) consumer economies, and conveniently isolates distributional effects in heterogeneous consumer economies. The decomposition is used to test for Pareto improvements, and to examine the separate but related roles of the shadow value of government revenue and the MCF in applied work.
Book Synopsis Welfare, Externalities, and Taxation by : Olof Johansson
Download or read book Welfare, Externalities, and Taxation written by Olof Johansson and published by . This book was released on 1996 with total page 182 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Vertical Tax Externalities in the Theory of Fiscal Federalism by : Mr.Michael Keen
Download or read book Vertical Tax Externalities in the Theory of Fiscal Federalism written by Mr.Michael Keen and published by International Monetary Fund. This book was released on 1997-12-01 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt: Vertical tax externalities between levels of government can occur in federal structures, with responses to the tax policies of one level of government affecting the tax base of the other. Such effects mostly arise when federal and state governments co-occupy the same tax base. This paper examines these externalities by considering their implications for a range of issues in fiscal federalism: the relationship between state and federal tax rates, the equilibrium levels of these taxes, the relevance of experience in federal countries for policy design in international settings, intergovernmental grants, and the assignment of tax powers among levels of government.
Book Synopsis Welfare vs. Income Convergence and Environmental Externalities by : Mr.Geoffrey J Bannister
Download or read book Welfare vs. Income Convergence and Environmental Externalities written by Mr.Geoffrey J Bannister and published by International Monetary Fund. This book was released on 2017-12-07 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: We present estimates of welfare by country for 2007 and 2014 using the methodology of Jones and Klenow (2016) which incorporates consumption, leisure, mortality and inequality, and we extend the methodology to include environmental externalities. During the period of the global financial crisis welfare grew slightly more rapidly than income per capita, mainly due to improvements in life expectancy. This led to welfare convergence in most regions towards advanced country levels. Introducing environmental effects changes the welfare ranking for countries that rely heavily on natural resources, highlighting the importance of the natural resource base in welfare. This methodology could provide a theoretically consistent and tractable way of monitoring progress in several Sustainable Development Goal (SDG) indicators.
Book Synopsis Welfare Measurement, Externalities and Pigouvian Taxation in Dynamic Economies by : Kenneth Backlund
Download or read book Welfare Measurement, Externalities and Pigouvian Taxation in Dynamic Economies written by Kenneth Backlund and published by . This book was released on 2000 with total page 20 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Welfare Impact of Indirect Pigouvian Taxation by : Christopher R. Knittel
Download or read book The Welfare Impact of Indirect Pigouvian Taxation written by Christopher R. Knittel and published by . This book was released on 2013 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: A basic tenet of economics posits that when consumers or firms don't face the true social cost of their actions, market outcomes are inefficient. In the case of negative externalities, Pigouvian taxes are one way to correct this market failure, where the optimal tax leads agents to internalize the true cost of their actions. A practical complication, however, is that the level of externality nearly always varies across economic agents and directly taxing the externality may be infeasible. In such cases, policy often taxes a product correlated with the externality. For example, instead of taxing vehicle emissions directly, policy makers may tax gasoline even though per-gallon emissions vary across vehicles. This paper estimates the implications of this approach within the personal transportation market. We have three general empirical results. First, we show that vehicle emissions are positively correlated with vehicle elasticities for miles traveled with respect to fuel prices (in absolute value)-i.e. dirtier vehicles respond more to fuel prices. This correlation substantially increases the optimal second-best uniform gasoline tax. Second, and perhaps more importantly, we show that a uniform tax performs very poorly in eliminating deadweight loss associated with vehicle emissions; in many years in our sample over 75 percent of the deadweight loss remains under the optimal second-best gasoline tax. Substantial improvements to market efficiency require differentiating based on vehicle type, for example vintage. Finally, there is a more positive result: because of the positive correlation between emissions and elasticities, the health benefits from a given gasoline tax increase by roughly 90 percent, compared to what one would expect if emissions and elasticities were uncorrelated.
Author :John G. Head Publisher :Durham, N.C. : Duke University Press, 1974 [i.e. 1975] ISBN 13 : Total Pages :312 pages Book Rating :4.:/5 (321 download)
Book Synopsis Public Goods and Public Welfare by : John G. Head
Download or read book Public Goods and Public Welfare written by John G. Head and published by Durham, N.C. : Duke University Press, 1974 [i.e. 1975]. This book was released on 1975 with total page 312 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Measuring Smallholder Efficiency by : Mulugeta Yilma
Download or read book Measuring Smallholder Efficiency written by Mulugeta Yilma and published by . This book was released on 1996 with total page 115 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Taxation and Welfare by : Arnold C. Harberger
Download or read book Taxation and Welfare written by Arnold C. Harberger and published by . This book was released on 1974 with total page 328 pages. Available in PDF, EPUB and Kindle. Book excerpt: Collection of essays on public finance and welfare economics. Topics covered include: corporation income tax, resource allocation costs, VAT, taxation of mineral industries.
Book Synopsis Revenue Recycling and the Welfare Effects of Road Pricing by : Ian W. H. Parry
Download or read book Revenue Recycling and the Welfare Effects of Road Pricing written by Ian W. H. Parry and published by . This book was released on 2002 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper explores the interactions between taxes on work-related traffic congestion and pre-existing distortionary taxes in the labor market. A congestion tax raises the overall costs of commuting to work and discourages labor force participation. The resulting welfare loss in the labor market can easily exceed the Pigouvian welfare gain from internalizing the congestion externality! However if congestion tax revenues are used to reduce labor taxes the net impact on labor supply is positive, and this can raise the overall welfare gain from the congestion tax by around 100 percent. Nonetheless the optimal congestion tax still equals the Pigouvian tax.
