usually taken as an argument against the necessity of government intervention through Pigouvian taxation in order to correct … externalities. However, we show that the hold-up problem, which occurs if non-verifiable investments have external effects and … parties cannot be prevented from always exploiting ex post gains from trade through Coasean bargaining, may be solved by …

our framework Coasean bargaining is not a substitute for Pigouvian taxation, instead it is the very reason for government … usually taken as an argument against the necessity of government intervention through Pigouvian taxation in order to correct … externalities. However, we show that the hold-up problem, which occurs if nonverifiable investments have external effects and …

framework Coasean bargaining is not a substitute for Pigouvian taxation; instead it is the very reason for government … usually taken as an argument against the necessity of government intervention through Pigouvian taxation in order to correct … externalities. We show that the hold-up problem, which occurs if non-verifiable investments have external effects and parties cannot …

this area. -- Cheapest Cost Avoider ; Externalities ; Transport …

whole tax system is affected by the externalities caused by the consumption of positional goods, notably also the taxes on …

internalize consumption externalities. It is demonstrated that the optimal second-best tax on an externality-generating good … unity in the optimal tax system, since marginal distortions of taxation are equal to marginal distributional gains. The …

This paper shows how the optimal level of Pigouvian taxation is influenced by distributive concerns. With second …-best instruments, a higher level of income redistribution calls for a lower level of Pigouvian taxation. More redistributionimplies … that tax collection via the income tax creates higher distortions, which in turn makes revenues from Pigouvian taxation …

We study optimal corrective taxation in the alcohol market. Consumption generates negative externalities that are non … externalities, then varying tax rates on different products can lead to welfare gains. We study this problem in an optimal tax … externalities are amongst heavy drinkers. A sufficient statistics approach is informative about the direction of reform, but not …

How is the optimal level of Pigouvian taxation influenced by distributive concerns? With second-best instruments, a … higher level of income redistribution calls for a lower level of Pigouvian taxation. More redistribution implies higher … distortions from income taxation. Pigouvian tax revenues become more valuable and the optimal level of environmental taxation …

among the heaviest drinkers – the group who, at the margin, are likely to create the largest externalities from drinking … price floor outperforms an ethanol tax. However, more flexible tax systems can achieve similar reductions in externalities …