Optimal Taxation, Environment Quality, Socially Responsible Firms and Investors

IF 16.4 1区化学 Q1 CHEMISTRY, MULTIDISCIPLINARY

Accounts of Chemical Research Pub Date : 2019-09-17 DOI:10.1561/101.00000112

Thomas I. Renström, Luca Spataro, L. Marsiliani

引用次数: 7

Abstract

We characterize the optimal pollution-, capital- and labour-tax structure in a continuous-time growth model in the presence of pollution (resulting from production), both in the first- and second-best, allowing investors to be driven by social responsibility objectives. The social responsibility objective takes the form of warm-glow, as in Andreoni (1990) and Dam (2011), inducing firms to reduce pollution through increased abatement activity. Among the results, the first best pollution tax is still positive under warm-glow, the second-best pollution tax displays the additivity property, and we show the circumstances under which the Chamley-Judd zero capital-income tax result does not hold.

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最优税收、环境质量、社会责任企业和投资者

我们在存在污染(由生产引起)的连续时间增长模型中描述了最优污染、资本和劳动税结构，包括第一和第二最佳，允许投资者受到社会责任目标的驱动。如Andreoni(1990)和Dam(2011)所述，社会责任目标采用暖光的形式，诱导企业通过增加减排活动来减少污染。其中，第一优污染税在暖辉光条件下仍然是正的，第二优污染税表现出可加性，并且我们证明了Chamley-Judd零资本所得税结果不成立的情况。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Accounts of Chemical Research 化学-化学综合

CiteScore

31.40

自引率

1.10%

发文量

312

审稿时长

2 months

期刊介绍： Accounts of Chemical Research presents short, concise and critical articles offering easy-to-read overviews of basic research and applications in all areas of chemistry and biochemistry. These short reviews focus on research from the author’s own laboratory and are designed to teach the reader about a research project. In addition, Accounts of Chemical Research publishes commentaries that give an informed opinion on a current research problem. Special Issues online are devoted to a single topic of unusual activity and significance. Accounts of Chemical Research replaces the traditional article abstract with an article "Conspectus." These entries synopsize the research affording the reader a closer look at the content and significance of an article. Through this provision of a more detailed description of the article contents, the Conspectus enhances the article's discoverability by search engines and the exposure for the research.