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Thursday, July 9, 2020 | History

4 edition of Optimal control of externalities in the presence of income taxatio found in the catalog.

Optimal control of externalities in the presence of income taxatio

Howell E. Jackson

Optimal control of externalities in the presence of income taxatio

by Howell E. Jackson

  • 147 Want to read
  • 29 Currently reading

Published by Harvard Law School in Cambridge, MA .
Written in English


Edition Notes

StatementLouis Kaplow.
SeriesDiscussion paper -- no. 547, Discussion paper (John M. Olin Center for Law, Economics, and Business : Online) -- no. 547.
ContributionsKaplow, Louis., John M. Olin Center for Law, Economics, and Business.
Classifications
LC ClassificationsK487.E3
The Physical Object
FormatElectronic resource
ID Numbers
Open LibraryOL16251397M
LC Control Number2007615692

By Louis Kaplow, "Optimal Control Of Externalities In The Presence Of Income Taxation," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 53(2), pages , May. Atkinson, A. B. & Stiglitz, J. E., Externalities and Distributive Taxation_Nussim Do Not Quote 1 Externalities and Distributive Taxation Jacob Nussim PRELIMINARY DRAFT, Janu ABTRACT The presence of externalities violates Pareto optimality. Various legal instruments can potentially control negative externalities and restore Pareto optimality.

  Tax on Negative Externality 7 December 28 July by Tejvan Pettinger Taxes on negative externalities are intended to make consumers/producers pay the full social cost of the good. income taxation is not optimal, Journal of Public Economics, 90, Kaplow, L. (), Optimal control of externalities in the presence of income taxation, International Economic Review, 53(2), Laroque, G. (), Indirect taxation is super⁄uous under separability and taste homogeneity: A simple proof, Economics Letters,

One of the main results of the literature on optimal taxation in the presence of externalities (e.g., Sandmo, ; Ng, ; Bovenberg and van der Ploeg, ) is the “additivity property”: the presence of an externality affects only the formula for the tax on the externality generating commodity, and it does. An Optimal Tax System. By Louis Kaplow. Get PDF ( KB) Abstract. A notable feature and principal virtue of Tax by Design is its system-wide perspective on different elements of the tax system. Optimal control of externalities in the presence of income taxation,‟Author: Louis Kaplow.


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Optimal control of externalities in the presence of income taxatio by Howell E. Jackson Download PDF EPUB FB2

OPTIMAL CONTROL OF EXTERNALITIES IN THE PRESENCE OF INCOME TAXATION* By Louis Kaplow1 Harvard University and National Bureau of Economic Research, U.S.A. A substantial literature examines how the Pigouvian directive that marginal taxes should equal marginal external harms needs to be modified in light of the preexisting distortion due to labor income taxation.

Additional literature. Finally, publications based on optimal taxation theory show that, if the income tax system before the introduction of carbon pricing is inefficient, using the pricing revenue for moving the income Author: Louis Kaplow. CiteSeerX - Document Details (Isaac Councill, Lee Giles, Pradeep Teregowda): A substantial literature examines second-best environmental policy, focusing particularly on how the Pigouvian directive that marginal taxes should equal marginal external harms needs to be modified in light of the preexisting distortion due to labor income taxation.

Optimal Control of Externalities in the Presence of Income Taxation Louis Kaplow* Abstract A substantial literature examines second-best environmental policy, focusing particularly on how the Pigouvian directive that marginal taxes should equal marginal external harms needs to be modified in light of the preexisting distortion due to labor income taxation.

Additional. OPTIMAL CONTROL OF EXTERNALITIES IN THE PRESENCE OF INCOME TAXATION * taxes should equal marginal external harms needs to be modified in light of the preexisting distortion due to labor income taxation.

Additional literature considers distributive concerns. It is demonstrated, however, that simple first‐best rules—unmodified for labor Cited by: Louis Kaplow, "Optimal Control of Externalities in the Presence of Income Taxation," STICERD - Public Economics Programme Discussion Pap Suntory and Toyota International Centres for Economics and Related Disciplines, LSE.

Handle: RePEc:cep:stippp Optimal Control of Externalities in the Presence of Income Taxation International Economic Review, Vol. 53, Issue 2, pp. Number of pages: 23 Posted: 23 May Cited by: BibTeX @MISC{Kaplow06optimalcontrol, author = {Louis Kaplow}, title = { OPTIMAL CONTROL OF EXTERNALITIES IN THE PRESENCE OF INCOME TAXATION}, year = {}}.

Optimal Control of Externalities in the Presence of Income Taxation Louis Kaplow NBER Working Paper No. June JEL No. D61, D62, D63, H21, H23, K32 ABSTRACT A substantial literature examines second-best environmental policy, focusing particularly on how the Pigouvian directive that marginal taxes should equal marginal external harms Cited by: Optimal Income Taxation in the Presence of Consumption Externalities the optimal tax rates for low-income brackets is lower, compared to a model that ignores pollution.

This means all marginal income tax rates in a model with pollution is lower than the ones from a model without it. Optimal Control of Externalities in the Presence of Income Taxation Louis Kaplow. NBER Working Paper No.

Issued in June NBER Program(s):Law and Economics Program, Public Economics Program A substantial literature examines second-best environmental policy, focusing particularly on how the Pigouvian directive that marginal taxes should equal marginal external harms Cited by: tax instruments, including the income tax, are all linear.

This is important. Atkinson and Stiglitz () have taught us that the properties of optimal tax schemes depend crucially on the instruments allowed. The aim of the current paper is to reexamine the optimal tax problem in the presence of externalities File Size: KB.

Optimal control of externalities in the presence of income taxation. By Louis Kaplow. Get PDF ( KB) Abstract. AA substantial literature examines second-best environmental policy, focusing particularly on how the Pigouvian directive that marginal taxes should equal marginal external harms needs to be modified in light of the preexisting Author: Louis Kaplow.

This paper reexamines the optimal tax design problem (income and commodities) in the presence of externalities. The nature of the second–best, and the choice of the tax instruments, are motivated by the informational structure in the by: The income tax may then be used, in addition to the linear commodity tax on y, for this purpose.

Specifically, the income tax affects y j 's and consequently this effect has to be taken into account in the design of the optimal income tax. (Any impact from income taxes on y j 's, when y j 's are observable, can be “neutralized” at no cost).Cited by: (). Optimal Taxation and Cross-price Effects on Labor Supply: ().

Optimal Taxation in the Presence of Externalities.” (). Re-examination of Uniform Commodity Taxes under a Non-linear Income Tax System and Its Implication for Production Efficiency.”Author: Louis Kaplow. Optimal Taxation in the Presence of Externalities.” ().

Raising Revenue by Taxing Activities with (). Re-examination of Uniform Commodity Taxes under a Non-linear Income Tax System and Its Implication for Production Efficiency.” ().Author: Louis Kaplow.

Optimal Control of Externalities in the Presence of Income Taxation. By Louis Kaplow. Abstract. A substantial literature examines second-best environmental policy, focusing particularly on how the Pigouvian directive that marginal taxes should equal marginal external harms needs to be modified in light of the preexisting distortion due to Author: Louis Kaplow.

Get this from a library. Optimal control of externalities in the presence of income taxation. [Louis Kaplow; National Bureau of Economic Research.].

A note on optimal taxation in the presence of externalities in the presence of externalities. The nature of the second–best, and the choice of the tax instruments, are motivated by the. presence of monopoly. Otto Davis and Andrew Whinston () have, in effect, raised doubts about its applicability in the presence of oligopoly.

And Ronald Coase has asserted that the tradition has not selected the correct taxation principle for the elimination of externalities, and may not even have chosen the right individuals to tax or to.Optimal control of externalities in the presence of income taxation.

[Louis Kaplow; National Bureau of Economic Research.] -- "A substantial literature examines second-best environmental policy, focusing particularly on how the Pigouvian directive that marginal taxes should equal marginal external harms needs to be modified.the optimal externality tax continues to consist of both Pigouvian and non-Pigouvian elements.

Regarding our second question, we show that while the tax formulas for private goods remain unaffected, the structure of income taxation changes. That is, the presence of externality has different implications for commodity and income taxation.