Economics Dictionary of ArgumentsHome | |||
| |||
Pigovian Tax - Economics Dictionary of Arguments | |||
Pigovian tax: A Pigovian tax is a levy imposed to internalize externalities, aligning market outcomes with social costs. Named after economist Arthur Pigou, this tax corrects market inefficiencies caused by negative externalities, like pollution or congestion, by increasing the cost of the activity generating the externality. See also Externalities, Taxation._____________Annotation: The above characterizations of concepts are neither definitions nor exhausting presentations of problems related to them. Instead, they are intended to give a short introduction to the contributions below. – Lexicon of Arguments. | |||
Author | Item | More concepts for author | |
---|---|---|---|
Pigou, Arthur Cecil | Pigovian Tax | Pigou, Arthur Cecil | |
Ed. Martin Schulz, access date 2024-03-28 |