Double dividend : environmental taxes and fiscal reform in the United States / Dale W. Jorgenson, Richard Goettle, Mun S. Ho, Peter Wilcoxen.

Format:

Book

Author/Creator:

Jorgenson, Dale W. (Dale Weldeau), 1933- author.

Goettle, Richard, author.

Ho, Mun S., author.

Wilcoxen, Peter J., author.

Language:

English

Subjects (All):

Environmental impact charges--United States.

Environmental impact charges.

Taxation--United States.

Taxation.

Fiscal policy--United States.

Fiscal policy.

Physical Description:

1 online resource (639 p.)

Edition:

1st ed.

Place of Publication:

Cambridge, Massachusetts : The MIT Press, [2013]

Language Note:

English

Summary:

"Energy utilization, especially from fossil fuels, creates hidden costs in the form of pollution and environmental damages. The costs are well documented but are hidden in the sense that they occur outside the market, are not reflected in market prices, and are not taken into account by energy users. Double Dividend presents a novel method for designing environmental taxes that correct market prices so that they reflect the true cost of energy. The resulting revenue can be used in reducing the burden of the overall tax system and improving the performance of the economy, creating the double dividend of the title. The authors simulate the impact of environmental taxes on the U.S. economy using their Intertemporal General Equilibrium Model (IGEM). This highly innovative model incorporates expectations about future prices and policies. The model is estimated econometrically from an extensive 50-year dataset to incorporate the heterogeneity of producers and consumers. This approach generates confidence intervals for the outcomes of changes in economic policies, a new feature for models used in analyzing energy and environmental policies. These outcomes include the welfare impacts on individual households, distinguished by demographic characteristics, and for society as a whole, decomposed between efficiency and equity."--Publisher's website.

Contents:

Preface

Acknowledgments

Designing energy and environmental policies

Structure of the intertemporal general equilibrium model

Modeling consumer behavior

Notes

Index.

Notes:

Description based upon print version of record.

Includes bibliographical references and index.

OCLC-licensed vendor bibliographic record.

ISBN:

9780262318570

0262318571

9780262318563

0262318563

OCLC:

865508693