Reference

Jean Tirole, “From Pigou to Extended Liability: On the Optimal Taxation of Externalities under Imperfect Financial Markets”, IDEI Working Paper, n. 503, September 2008.

JEL codes

  • D62: Externalities
  • D82: Asymmetric and Private Information • Mechanism Design
  • H23: Externalities • Redistributive Effects • Environmental Taxes and Subsidies
  • J65: Unemployment Insurance • Severance Pay • Plant Closings