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The Carbon Tax: Welfare Triangle, or Welfare Obelisk?
 
Tag: Deadweight Welfare Loss
The Carbon Tax: Welfare Triangle, or Welfare Obelisk?

[The recommendations herein were substantially revised, 1/17/19, as noted in the section “Which Discount Rate to Use?”, and corrected 2/14/19.] Two recent position papers from the conservative libertarian Niskanen Center and the libertarian Cato Institute take diametrically opposite positions on the desirability of a Carbon Tax. [Corrected 2/8/17 per communication from Jerry Taylor.] Jerry...
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