@booklet {sheshinski-oaeact2003,
	title = {On Atmosphere Externality and Corrective Taxes},
	howpublished = {Discussion Papers},
	year = {2003},
	month = {7},
	abstract = {It has been argued that in the presence of an Atmosphere Externality and competitive behavior by households, a uniform commodity tax on the externality - generating good attains the first best. It is demonstrated, however, that if income redistribution is desirable then personalized taxes are required for a second-best optimum. Each of these taxes is the sum of a uniform (across households) tax and a component, positive or negative, which depends on the household s income and demand elasticities. Second-best optimal indirect taxes and rules for investment in externality - reducing measures are also considered.},
	url = {/files/db328.pdf},
	author = {Eytan Sheshinski}
}
