Coasean bargaining in the presence of Pigouvian taxation

MacKenzie, Ian A. and Ohndorf, Markus (2016) Coasean bargaining in the presence of Pigouvian taxation. Journal of Environmental Economics and Management, 75 1-11. doi:10.1016/j.jeem.2015.09.003

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Author MacKenzie, Ian A.
Ohndorf, Markus
Title Coasean bargaining in the presence of Pigouvian taxation
Journal name Journal of Environmental Economics and Management   Check publisher's open access policy
ISSN 0095-0696
Publication date 2016-01-01
Year available 2015
Sub-type Article (original research)
DOI 10.1016/j.jeem.2015.09.003
Open Access Status File (Author Post-print)
Volume 75
Start page 1
End page 11
Total pages 11
Place of publication Maryland Heights, MO, United States
Publisher Academic Press
Language eng
Subject 2002 Economics and Econometrics
2308 Management, Monitoring, Policy and Law
Abstract Coasean arguments against the Pigouvian perspective are well established. A central tenet in this criticism argues that a Pigouvian tax may be a source of inefficiency: if parties were to bargain in the presence of a Pigouvian tax, (allocative) inefficiencies would occur—the so-called Buchanan-Stubblebine-Turvey Theorem. By analyzing a Coasean environment where the appropriation of property rights is costly, we show Coasean bargaining in the presence of a pre-existing (Pigouvian) tax may be superior. This has implications for policy where dual regulatory environments exist, such as regulation at the state and federal level, as well as environmental liability and litigation
Keyword Coasean bargaining
Pigouvian taxation
Q-Index Code C1
Q-Index Status Provisional Code
Institutional Status UQ

Document type: Journal Article
Sub-type: Article (original research)
Collections: Official 2016 Collection
School of Economics Publications
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Citation counts: TR Web of Science Citation Count  Cited 1 times in Thomson Reuters Web of Science Article | Citations
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Created: Thu, 15 Oct 2015, 19:34:10 EST by Alys Hohnen on behalf of School of Economics