ISSN:
1573-1502
Keywords:
uncertainty
;
externalities
;
Pigouvian taxes
;
nuclear power
Source:
Springer Online Journal Archives 1860-2000
Topics:
Energy, Environment Protection, Nuclear Power Engineering
,
Economics
Notes:
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.
Type of Medium:
Electronic Resource
URL:
http://dx.doi.org/10.1023/A:1008200513848
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