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Two Generalizations of a Deposit-Refund System
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Two Generalizations of a Deposit-Refund System
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Two Generalizations of a Deposit-Refund System
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Journal Article
Two Generalizations of a Deposit-Refund System
2000
Overview
A direct tax is not easy to impose on dumping or litter, so a useful alternative is the deposit-refund system. Two important generalizations of the deposit-refund idea are suggested. In the first generalization, the idea is applied not just to solid waste materials, but to any waste from production or consumption, including waste that may be solid, gaseous or liquid. In the second generalization, the case is considered where government must use distorting taxes on labor and capital incomes. To help meet the revenue requirement, at issue is whether the optimal deposit would be raised and the refund reduced. The second-best-revenue-raising deposit-refund system or two-part instrument to answer that question is derived.
