Title: Optimal tax and public investment rules for congestion type of externalities
Authors: Mayeres, Inge ×
Proost, Stef #
Issue Date: 1997
Publisher: Blackwell publ ltd
Series Title: Scandinavian journal of economics vol:99 issue:2 pages:261-279
Abstract: Optimal government policy is considered in a second-best framework where consumers and producers cause an externality of the congestion type and income distribution issues are taken into account. The theoretical results of the optimal tax literature are adapted using the concept of the net social Pigouvian tax. An illustrative AGE model uncovers the relative importance of its components. The model demonstrates that the level of the externality tax does not depend strongly on distribution concerns, as reoptimization of the other taxes ensures that the income distribution objective is reached. The model also allows us to study the interaction between externality taxes and public abatement.
ISSN: 0347-0520
Publication status: published
KU Leuven publication type: IT
Appears in Collections:Department of Economics, Leuven - miscellaneous
Research Center of Energy, Transport and Environment, Leuven
× corresponding author
# (joint) last author

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