Gasoline and diesel fuel are heavily taxed in many developed and some emerging and developing countries. Outside of the United States and Europe, however, there has been little attempt to quantify the external costs of vehicle use, so policymakers lack guidance on whether prevailing tax rates...

Gasoline and diesel fuel are heavily taxed in many developed and some emerging and developing countries. Outside of the United States and Europe, however, there has been little attempt to quantify the external costs of vehicle use, so policymakers lack guidance on whether prevailing tax rates...

As a percentage of price, alcohol taxes have fallen by half over the past quarter-century. This article considers the question of whether those taxes should now be raised. It examines Pigouvian arguments for increased taxes to counter negative externalities from alcohol and finds them ambiguous:...