The Taxation of Environmental Pollution: A Model for Tax Revenue-Environmental Quality Tradeoffs

Hung-Ming Wu and Keith D. Willett

International Journal of Financial Research, 2017, vol. 8, issue 1, 65-78

Abstract: The paper analyzes the Willamette River in Oregon. Here a model (combining the least-cost model and the constraint method of multi-objective programming) is used to determine the appropriate tax rate on environmental externalities, incorporating both revenue and environmental quality objectives. The study finds the following. (1) By using the optimal tax rate, the appropriate tax revenue is determined. (2) The efficient solution set (including tax revenue and water quality considerations) is found by using differing optimal tax rates. (3) The optimal point (solution) in the efficient solution set is chosen by the geometrical argument approach and trade-off analysis approach.

Keywords: water quality control; environmental tax; least cost model; constraint method of multi-objective programming (search for similar items in EconPapers)
Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:jfr:ijfr11:v:8:y:2017:i:1:p:65-78

DOI: 10.5430/ijfr.v8n1p65

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