Reflections on the Double Dividend Debate |
| |
Authors: | John CV Pezzey Andrew Park |
| |
Institution: | (1) Environment Department, University of York, York, YO10 5DD, UK;(2) Department of Economics, University of Edinburgh, UK |
| |
Abstract: | We survey the history of carbon taxation, the range of market-based instruments (MBIs) of environmental control, and the state
of the double dividend debate, in order to suggest directions for future research into MBIs. Returning MBI revenues as lower
distortionary taxes rather than as lump sums raises aggregate welfare, but we favour MBIs which raise little or no revenue,
for reasons of political acceptability to interest groups. At the same time, the overall case for any environmental improvement
is weaker because of general equilibrium interactions with prior distortionary taxes. Research seems most necessary on quantifying
the efficiency benefits of market control of heterogeneous polluters, the benefits of environmental improvement, the tax interaction
effect, and the various information costs of an MBI, all on a case-by-case basis for different pollutants and places. |
| |
Keywords: | double dividend information costs market-based instruments political acceptability pollution control |
本文献已被 SpringerLink 等数据库收录! |
|