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Managing waste exports when closure risks are endogenous

This paper provides a rationale for taxing waste exports when closure risks are endogenous in that they depend on the importing country's accumulated stock of waste. The paper shows that the optimal time path of waste exports requires a progressively increasing tax rate which even surmounts a Hotelling tax which tackles the problem by evaluating the expected closure stock.
Year of publication:
1993
Authors: Stähler, Frank ; Michaelis, Peter
Institutions: Institut für Weltwirtschaft (IfW)
Extent:
application/pdf
Series:
Type of publication: Book / Working Paper
Language: English
Notes:
Number 559
Source:
Persistent link: https://ebvufind01.dmz1.zbw.eu/10009276787
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