Taxation, Fines, and Producer Liability Rules: Efficiency and Market Structure Implications
نویسندگان
چکیده
منابع مشابه
Taxation, Fines, and Producer Liability Rules: Efficiency and Market Structure Implications
This paper addresses the comparative efficiency of liability rules and regulatory policy in competitive equilibria with endogenous product safety. Pigouvian taxation fails to achieve long-run social optimality. A policy involving accident fines and safety subsidization can achieve efficiency, although the optimal policy may involve taxation, not subsidization, of product safety. Copyright 1998 ...
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ژورنال
عنوان ژورنال: Southern Economic Journal
سال: 1998
ISSN: 0038-4038
DOI: 10.2307/1061357