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Nuclear Power, Externalities and Non-Standard Pigouvian Taxes

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  • Thomas Aronsson
  • Kenneth Backlund
  • Karl-Gustaf Löfgren

Abstract

The external effects arising from the use of nuclear power are, in a fundamental way, related to uncertainty. In this paper we locate these external effects and derive a dynamic Pigouvian tax in order to make the decentralized economy support the command optimum. Another interesting result is that a small constant energy tax (which we interpret as a second best policy) can take the decentralized economy reasonably close to the command optimum. Copyright Kluwer Academic Publishers 1998

Suggested Citation

  • Thomas Aronsson & Kenneth Backlund & Karl-Gustaf Löfgren, 1998. "Nuclear Power, Externalities and Non-Standard Pigouvian Taxes," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 11(2), pages 177-195, March.
    • Handle: RePEc:kap:enreec:v:11:y:1998:i:2:p:177-195
    DOI: 10.1023/A:1008200513848
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    References listed on IDEAS

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    Cited by:

    1. Polasky, Stephen & de Zeeuw, Aart & Wagener, Florian, 2011. "Optimal management with potential regime shifts," Journal of Environmental Economics and Management, Elsevier, vol. 62(2), pages 229-240, September.
    2. Thomas Aronsson, 1999. "On Cost Benefit Rules for Green Taxes," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 13(1), pages 31-43, January.
    3. Aart Zeeuw & Chuan-Zhong Li, 2016. "The Economics of Tipping Points," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 65(3), pages 513-517, November.
    4. Yacov Tsur & Amos Zemel, 2016. "The Management of Fragile Resources: A Long Term Perspective," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 65(3), pages 639-655, November.
    5. Tsur, Yacov & Zemel, Amos, 2006. "Welfare measurement under threats of environmental catastrophes," Journal of Environmental Economics and Management, Elsevier, vol. 52(1), pages 421-429, July.
    6. Tsur, Yacov & Zemel, Amos, 2012. "Dynamic and stochastic analysis of environmental and natural resources," Discussion Papers 120017, Hebrew University of Jerusalem, Department of Agricultural Economics and Management.
    7. Thomas Aronsson & Sören Blomquist, 2003. "On Environmental Taxation under Uncertain Environmental Damage," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 24(2), pages 183-196, February.
    8. Aronsson, Thomas, 2001. "Green taxes and uncertain timing of technological change," Resource and Energy Economics, Elsevier, vol. 23(1), pages 41-62, January.
    9. Jouvet, Pierre-André & Schumacher, Ingmar, 2012. "Learning-by-doing and the costs of a backstop for energy transition and sustainability," Ecological Economics, Elsevier, vol. 73(C), pages 122-132.
    10. Francisco Candel-Sánchez, 2012. "Pigouvian taxes and the Varian’s mechanism in dynamic settings," Journal of Regulatory Economics, Springer, vol. 42(1), pages 39-51, August.

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