Nuclear Power, Externalities and Non-Standard Pigouvian Taxes

Thomas Aronsson, Kenneth Backlund and Karl-Gustaf Löfgren

Environmental & Resource Economics, 1998, vol. 11, issue 2, 177-195

Abstract: The external effects arising from the use of nuclear power are, in a fundamental way, related to uncertainty. In this paper we locate these external effects and derive a dynamic Pigouvian tax in order to make the decentralized economy support the command optimum. Another interesting result is that a small constant energy tax (which we interpret as a second best policy) can take the decentralized economy reasonably close to the command optimum. Copyright Kluwer Academic Publishers 1998

Keywords: uncertainty; externalities; Pigouvian taxes; nuclear power (search for similar items in EconPapers)
Date: 1998
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Citations: View citations in EconPapers (11)

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DOI: 10.1023/A:1008200513848

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