Environmental taxes and strategic delegation

• Autores: María Begoña Garzón San Felipe, Juan Carlos Bárcena Ruiz
• Localización: Spanish economic review, ISSN 1435-5469, Vol. 4, Nº 4, 2002, págs. 301-309
• Idioma: alemán
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• Dialnet Métricas: 1 Cita
• Resumen

  • Abstract. This paper analyzes a managerial delegation model in which the government chooses an environmental tax to control environmental damage. By giving the managers of firms an incentive scheme based on a linear combination of profit and sales revenue, we show that firm owners have to pay a higher environmental tax and both environmental damage and social welfare increase compared to the profit-maximization case.