کد مقاله | کد نشریه | سال انتشار | مقاله انگلیسی | نسخه تمام متن |
---|---|---|---|---|
5067652 | 1372615 | 2007 | 26 صفحه PDF | دانلود رایگان |
![عکس صفحه اول مقاله: Consumption externalities, production externalities, and efficient capital accumulation under time non-separable preferences Consumption externalities, production externalities, and efficient capital accumulation under time non-separable preferences](/preview/png/5067652.png)
The effects of consumption and production externalities on economic performance under time non-separable preferences are examined both theoretically and numerically. We show that a consumption externality alone has long-run distortionary effects if and only if labor is supplied elastically. With fixed labor supply, it has only transitional distortionary effects. Production externalities always generate long-run distortions, irrespective of labor supply. The optimal tax structure to correct for the distortions is characterized. We compare the implications of this model with those obtained when the consumption externality is contemporaneous. While some of the long-run effects are robust, there are also important qualitative and quantitative differences, particularly along transitional paths.
Journal: European Economic Review - Volume 51, Issue 2, February 2007, Pages 479-504