On efficiency-inducing taxation for a non-renewable resource monopolist
Karp, Larry and Livernois, John (1992) On efficiency-inducing taxation for a non-renewable resource monopolist. Journal of Public Economics, 49, (2), 219-239. (doi:10.1016/0047-2727(92)90021-7).
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Description/Abstract
The problem of using taxes to induce a monopolist supplier of a non-renewable resource to extract efficiently has been solved under the assumption that the government has perfect information about the monopolist's cost function and reserves and is able to precommit to an entire sequence of taxes over time. We extend this literature by constructing an efficiency- inducing tax mechanism that does not require the government to have any information about the cost function or reserves and which does not require it to precommit to a sequence of taxes over time.
| Item Type: | Article |
|---|---|
| ISSNs: | 0047-2727 (print) |
| Related URLs: | |
| Subjects: | H Social Sciences > HJ Public Finance |
| Divisions: | University Structure - Pre August 2011 > School of Social Sciences > Economics |
| Item ID: | 32973 |
| Date Deposited: | 11 Dec 2007 |
| Last Modified: | 02 Mar 2012 12:05 |
| Contributors: | Karp, Larry (Author) Livernois, John (Author) |
| Date: | November 1992 |
| Status: | Published |
| URI: | http://eprints.soton.ac.uk/id/eprint/32973 |
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