Environmental Tax and Public Ownership in Vertically Related Markets

被引:22
作者
Shuichi Ohori
机构
[1] Faculty of Economics and Information, Gifu Shotoku Gakuen University, Gifu-shi 500-8288
基金
日本学术振兴会;
关键词
environmental policy; pigouvian tax; privatization; vertically related market;
D O I
10.1007/s10842-010-0093-y
中图分类号
学科分类号
摘要
This paper investigates the optimal rate of environmental tax and level of privatization in a vertical relationship between one partially privatized producer and two private sellers. The main results are as follows: First, privatization of the producer firm decreases environmental damage. Second, the optimal environmental tax rate equals the Pigouvian level. Third, fully nationalizing the producer firm is optimal when the government simultaneously decides upon the environmental tax rate; then, privatization decreases social welfare. © 2010 Springer Science+Business Media, LLC.
引用
收藏
页码:169 / 176
页数:7
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