The Welfare Impact of Second-Best Uniform-Pigouvian Taxation: Evidence from Transportation
When consumers or firms don't face the true social cost of their actions, market outcomes are inefficient. In the case of negative externalities, Pigouvian taxes are one way to correct this market failure, but it may be infeasible to tax the externality directly. The alternative, taxing a relat...
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| Format: | Article |
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American Economic Association
2019
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| Online Access: | http://hdl.handle.net/1721.1/120525 https://orcid.org/0000-0002-7654-8641 |