Effluent taxation in monopoly markets
Effluent taxation in monopoly markets
复制标题
垄断市场中的污水税
DOI:
10.1016/0095-0696(80)90012-1
复制
发表时间:
1980
影响因子:
4.6
通讯作者:
W. Misiolek
中科院分区:
文献类型:
--
作者:
W. Misiolek
Asch and Seneca (A + S) demonstrate in a recent issue of this journal that complete internalization of external cost by a monopoly firm will sometimes result in a social-welfare gain and sometimes will not. The critical factor in determining whether a gain or a loss will occur is the size of external cost relative to the monopolist's price-cost margin. If full internalization of the externality is undesirable, A + S note that partial internalization may be preferable to none, but do not develop a method of determining the degree of internalization that is most appropriate. In this note, the A + S analysis is extended to derive an emissions-tax formula which establishes the extent of internalization required to achieve an efficient allocation of resources in markets characterized by (some degree) monopoly power. 3 figures, 6 references.