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On the regulatory choice of refunding rules to reconcile the 'polluter pays principle' and Pigovian taxation: an application.
- Source :
-
Environment & Planning C: Government & Policy . Feb2005, Vol. 23 Issue 1, p141-152. 12p. 1 Diagram, 4 Charts. - Publication Year :
- 2005
-
Abstract
- The 'polluter pays principle' (PPP) is one of the four principles that govern the European Union's environmental policy. Although PPP justifies Pigovian taxation as a legitimate policy means to internalise externalities, there is a potential contradiction between PPP and Pigovian taxation depending upon the definition of pollution control costs. We summarise this debate and focus on the lump-sum refunding of tax revenues in order to reconcile the PPP and Pigovian taxation. We propose equity as the guiding principle to select among various refunding schemes, and empirically examine a specific application. [ABSTRACT FROM AUTHOR]
- Subjects :
- *ENVIRONMENTAL policy
*POLLUTION
*TAXATION
*ENVIRONMENTAL law
*CONTINGENT valuation
Subjects
Details
- Language :
- English
- ISSN :
- 0263774X
- Volume :
- 23
- Issue :
- 1
- Database :
- Academic Search Index
- Journal :
- Environment & Planning C: Government & Policy
- Publication Type :
- Academic Journal
- Accession number :
- 16310461
- Full Text :
- https://doi.org/10.1068/c04101s