Pigouvian tax

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Notion

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Science and technology

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What Wikipedia says

A Pigouvian tax (also spelled Pigovian tax) is a tax on a market activity that generates negative externalities, that is, costs incurred by third parties. It imposes costs corresponding with the externalities, internalizing those costs to improve Pareto efficiency.

Excerpt from the Wikipedia article “Pigouvian tax”, under the CC BY-SA 4.0 license. Read the article on Wikipedia

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