We found a match
Your institution may have access to this item. Find your institution then sign in to continue.
- Title
Taxes, minimum-quality standards and/or product labeling to improve environmental quality and welfare: Experiments can provide answers.
- Authors
Disdier, Anne-Célia; Marette, Stéphan
- Abstract
This study focuses on the welfare impact of taxes, minimum-quality standards, and/or product labeling. A theoretical framework shows that the combination of a label and a per-unit tax is socially optimal. Alternatively, if the label is unavailable, the theory cannot directly conclude which instrument should be socially preferred. Estimations of willingness-to-pay (WTP) are useful for completing the theoretical analysis and evaluating policies ex ante on case-by-case basis. Using hypothetical WTP for shrimp, we confirm that the combination of a label and a tax is socially optimal. In the absence of a label, simulations show that a minimum-quality standard leads to a higher welfare compared to a tax.
- Subjects
TAXATION; QUALITY standards; LABELS; ENVIRONMENTAL quality; EMISSIONS trading; WELFARE economics; ECONOMIC impact; WILLINGNESS to pay
- Publication
Journal of Regulatory Economics, 2012, Vol 41, Issue 3, p337
- ISSN
0922-680X
- Publication type
Article
- DOI
10.1007/s11149-011-9167-y