Accordingly, some right-leaning groups have suggested climate change policies featuring a Pigouvian tax
on carbon emissions.
(4.) Government policies such as a Pigouvian tax
also can create incentives for people to account for the external effects they impose on others, when transaction costs prohibit parties from bargaining with each other.
Stein's claims that Dodd-Frank works like a Pigouvian tax
In other words, the optimal trade and environmental policies are the reciprocal of the elasticity of the foreign country's offer curve, and the Pigouvian tax
Tax: a Pigouvian tax
that seeks to correct the inefficient market
This Article addresses this problem by drawing on the Pigouvian tax
It's what economists call a Pigouvian tax
(a tax on some economic activity that we want to reduce, like pollution or secondhand smoke, because of negative externalities).
A Pigouvian subsidy on positive externalities, which is the complement of a Pigouvian tax
on negative externalities, (66) compensates producers for externalities that confer a benefit on society that is not reflected in the price.
(153) This is a general (desirable) feature of insurance, operating in effect like a Pigouvian tax
in internalizing an otherwise-overlooked cost.
Other forms of regulation are inferior to the Pigouvian tax
. Consider command-and-control regulation, in which a regulator forces a firm to take a particular action, such as installing a pollution-reducing scrubber.
They find that to correct the substantial accident externalities, a Pigouvian tax
could raise over $220 billion per year nationally.
and Menegatti, M., 'Pigouvian Tax
, Abatement Policies and Uncertainty on the Environment', 2011, Journal of Economics, vol.