POPULATION GROWTH AND THE BENEFITS FROM OPTIMALLY PRICED EXTERNALITIES

"In this article we show that, considering only economic effects, even if population growth, by natural increase or immigration, increases congestion, pollution, and other forms of external costs, that provided pre-existing citizens own the resources giving rise to the externalities, and provid...

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Bibliographic Details
Published in:Australian economic papers 1995-06, Vol.34 (64), p.113-119
Main Authors: CLARKE, HARRY R., NG, YEW-KWANG
Format: Article
Language:English
Subjects:
Congestion
Consumers
Cost-Benefit Analysis
Costs
Demography
Econometrics
Economic effects
Economics
Efficient pricing of resources
Environment
Evaluation Studies as Topic
External costs
Immigration
Optimal taxes
Pollution
Population
Population Dynamics
Population Growth
Prices
Pricing
Road congestion
Road pricing
Road transport
Supply and demand
Tax rates
Taxation
Time
Time Factors
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Description
Summary:"In this article we show that, considering only economic effects, even if population growth, by natural increase or immigration, increases congestion, pollution, and other forms of external costs, that provided pre-existing citizens own the resources giving rise to the externalities, and provided they efficiently price usage of such, that existing citizens must, in net average terms, be better off with population growth than without it. In simple terms the increased revenues they gain from efficient pricing at increased demand levels will be strictly greater than the monetary value of the increased external costs together with the higher tax costs they incur as consumers of the resources."
ISSN:0004-900X
1467-8454
DOI:10.1111/j.1467-8454.1995.tb00020.x