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The theory of road pricing developed for single links suggests time andlocation varying charges equal to the marginal congestion cost at the efficientlevel of traffic. The second-best network counterpart is derived, but would beinfeasible to implement. Cordon tolls are feasible, and their...
Persistent link: https://www.econbiz.de/10011400380
In West Africa, the Value Added Tax (VAT) policy consists of a uniform tax rate, but several items consumed by rich and poor households, are exempted. We provide an optimal tax framework to reflect on the welfare effects of such a tariff structure, in the context of current debates on domestic...
Persistent link: https://www.econbiz.de/10014251962
2013, including detailed energy consumption and household income and tax payment characteristics. While the theoretical … find a positive mark-up of 49%, in our data. This suggests that, in practice, the government is concerned with energy …
Persistent link: https://www.econbiz.de/10011892503
interventions on final-use energy consumption, an important driver of carbon emissions. In the model, energy demand is driven by … directed technical change. Energy supply is subject to increasing extraction costs. The model is consistent with aggregate … evidence on energy use, efficiency, and prices in the United States, as well as the standard balanced growth facts. I use the …
Persistent link: https://www.econbiz.de/10012817938
real wages. It is argued that the case for taxing capital is not particularly strong. By reinterpreting capital as energy …
Persistent link: https://www.econbiz.de/10011398791
paper is that distributional concerns should not necessarily hold up carbon pricing. Energy price impacts may be less …
Persistent link: https://www.econbiz.de/10011309218
We study the welfare effects of a revenue-neutral green tax reform in a federation. The reform consists of increasing a tax on a polluting input and reducing that on labor income. Households are fully mobile within the federation. Regions are unequally endowed with a nonrenewable natural...
Persistent link: https://www.econbiz.de/10010496890
The efficiency case for raising fuel tax minima under the EU Energy Tax Directive (ETD) appears nuanced. Some fuels may …
Persistent link: https://www.econbiz.de/10011422569
The total social benefits of college education exceed the private benefits because the government receives a share of the monetary returns in the form of income taxes. We study the policy implications of this fiscal externality in an optimal dynamic tax framework. Using a variational approach we...
Persistent link: https://www.econbiz.de/10011295805
This study aims at contributing to the ongoing debates on the bracket creep, whether Germany needs an integration of inflation indexation into its personal income tax system in order to re-duce distortions of tax liabilities and additional tax burdens. On the other hand, Germany has continuously...
Persistent link: https://www.econbiz.de/10011392527