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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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    7. Jon Strand, 1994. "Environmental accidents under moral hazard and limited firm liability," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 4(5), pages 495-509, October.
    8. Tahvonen Olli & Kuuluvainen Jari, 1993. "Economic Growth, Pollution, and Renewable Resources," Journal of Environmental Economics and Management, Elsevier, vol. 24(2), pages 101-118, March.
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    Cited by:

    1. 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.
    2. 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.
    3. 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.
    4. 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.
    5. 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.
    6. 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.
    7. 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.
    8. 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.
    9. Aronsson, Thomas, 2001. "Green taxes and uncertain timing of technological change," Resource and Energy Economics, Elsevier, vol. 23(1), pages 41-62, January.
    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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