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Tax policy and producer incentives in the energy crisis

Conference · · Growth and Change; (United States)
OSTI ID:6178519

The use of tax incentives to encourage desired behavior is examined and found, in some cases, to be an economically efficient way of dealing with an imperfect market. A variety of tax incentives, credit and penalty, are described, with emphasis on the crude oil equalization tax (COET) as an improvement over a price control tax. Coupling of COET with an import tax would be the most efficient. The new investment subsidies are shown to be inefficient and gimmicked. A comment by R.G. Penner agrees that the present energy tax incentives are like a crazy quilt, but disagrees on the value of loan guarantees. 17 references.

Research Organization:
Georgetown Univ., Washington, DC
OSTI ID:
6178519
Journal Information:
Growth and Change; (United States), Journal Name: Growth and Change; (United States) Vol. 10:1; ISSN GRCHD
Country of Publication:
United States
Language:
English