Environmental costs of residuals: a characterization of efficient tax policies

Carlos Ocaña Pérez de Tudela and Joan Pasqual ()

UC3M Working papers. Economics from Universidad Carlos III de Madrid. Departamento de Economía

Abstract: Durable goods leave residuals after being retired from use. If the environmental costs of the residuals are external to consumers and producers of the good, then overproduction and excess residuals will result. Ad valorem taxes are show to be ineffective in eliminating this externality. The efficient regulatory policy is shown to be based on a pigouvian tax.

Keywords: Externalities; Pollution; control; Optimal; taxation; Durable; goods; Residuals (search for similar items in EconPapers)
Date: 1992-01
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:cte:werepe:10951

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