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TAXING EXTERNALITIES UNDER FINANCING CONSTRAINTS Florian Ho¤mann, Roman Inderst and Ulf Moslener Abstract We consider a production economy with externalities, which can be reduced by additional …rmlevel expenditures.
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TAXING EXTERNALITIES UNDER FINANCING CONSTRAINTS Florian Ho¤mann, Roman Inderst and Ulf Moslener Abstract We consider a production economy with externalities, which can be reduced by additional …rmlevel expenditures.