MARC Record from Library of Congress

LEADER: 02227cam a22003137a 4500
001 2005618476
003 DLC
005 20050727113829.0
007 cr |||||||||||
008 050727s2005 mau sb 000 0 eng
010 $a 2005618476
040 $aDLC$cDLC
050 00 $aHB1
100 1 $aFullerton, Don.
245 14 $aThe general equilibrium incidence of environmental taxes$h[electronic resource] /$cDon Fullerton, Garth Heutel.
260 $aCambridge, MA :$bNational Bureau of Economic Research,$cc2005.
490 1 $aNBER working paper series ;$vworking paper 11311
538 $aSystem requirements: Adobe Acrobat Reader.
538 $aMode of access: World Wide Web.
500 $aTitle from PDF file as viewed on 7/27/2005.
530 $aAlso available in print.
504 $aIncludes bibliographical references.
520 3 $a"We study the distributional effects of a pollution tax in general equilibrium, with general forms of substitution where pollution might be a relative complement or substitute for labor or for capital in production. We find closed form solutions for pollution, output prices, and factor prices. Various special cases help clarify the impact of differential factor intensities, substitution effects, and output effects. Intuitively, the pollution tax might place disproportionate burdens on capital if the polluting sector is capital intensive, or if labor is a better substitute for pollution than is capital; however, conditions are found where these intuitive results do not hold. We show exact conditions for the wage to rise relative to the capital return. Plausible values are then assigned to all the parameters, and we find that variations over the possible range of factor intensities have less impact than variations over the possible range of elasticities"--National Bureau of Economic Research web site.
650 0 $aEnvironmental impact charges$xMathematical models.
650 0 $aPollution$xTaxation$xMathematical models.
700 1 $aHeutel, Garth.
710 2 $aNational Bureau of Economic Research.
830 0 $aWorking paper series (National Bureau of Economic Research : Online) ;$vworking paper no. 11311.
856 40 $uhttp://papers.nber.org/papers/W11311