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This book explores the welfare effects of environmental taxes in a second-best framework. It starts from a benchmark model which reveals that environmental taxes typically exacerbate pre-existing tax distortions, and extends it by introducing capital, terms of trade effects, transfers, involuntary unemployment, or environmental feedbacks.

Produktbeschreibung
This book explores the welfare effects of environmental taxes in a second-best framework. It starts from a benchmark model which reveals that environmental taxes typically exacerbate pre-existing tax distortions, and extends it by introducing capital, terms of trade effects, transfers, involuntary unemployment, or environmental feedbacks.
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