The Limitations of Pigouvian Taxes as a Long-Run Remedy for Externalities* Dennis … · 2007. 3....

The Limitations of Pigouvian Taxes as a Long-Run Remedy for Externalities*

Dennis W. Carlton; Glenn C. Loury

The Quarterly Journal of Economics, Vol. 95, No. 3. (Nov., 1980), pp. 559-566.

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The Quarterly Journal of Economics is currently published by The MIT Press.

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http://www.jstor.orgSun Mar 18 11:34:00 2007

The Limitation of Pigouvian Taxes as a Long-Run Remedy for Externalities: AnExtension of Results

Dennis W. Carlton; Glenn C. Loury

The Quarterly Journal of Economics, Vol. 101, No. 3. (Aug., 1986), pp. 631-634.

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The Quarterly Journal of Economics is currently published by The MIT Press.

Your use of the JSTOR archive indicates your acceptance of JSTOR's Terms and Conditions of Use, available athttp://www.jstor.org/about/terms.html. JSTOR's Terms and Conditions of Use provides, in part, that unless you have obtainedprior permission, you may not download an entire issue of a journal or multiple copies of articles, and you may use content inthe JSTOR archive only for your personal, non-commercial use.

Please contact the publisher regarding any further use of this work. Publisher contact information may be obtained athttp://www.jstor.org/journals/mitpress.html.

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JSTOR is an independent not-for-profit organization dedicated to and preserving a digital archive of scholarly journals. Formore information regarding JSTOR, please contact support@jstor.org.

http://www.jstor.orgSun Mar 18 11:36:27 2007