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Habit Formation in the Environmental Quality: Dynamic Optimal Environmental Taxation


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Title: Habit Formation in the Environmental Quality: Dynamic Optimal Environmental Taxation
Authors: Löfgren, Åsa
Issue Date: 2003
University: Göteborg University. School of Business, Economics and Law
Extent: 30 pages
385392 bytes
Publication type: Report
Series/Report no.: Working Papers in Economics, nr 92
Keywords: Habit formation; environment; intertemporal choice; transitional dynamics
Abstract: In this article we propose a model in which individuals experience habit formation in environmental quality. Further, a consumption good causes a negative external effect on the environment. The intertemporal utility of a benevolent social planner depends on consumption of two goods and the environment. Hence, the choice of the social planner is to maximize utility given the negative effect of the consumption good on the environment, taking into account that there is habit formation in en... more
ISSN: 1403-2465
URI: http://hdl.handle.net/2077/2800
Appears in Collections:Working papers

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