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- W117926383 abstract "This chapter discusses the future evolution of the price of energy. For energy, prices naturally vary depending on the source, be it oil, gas, coal, or any other. Finer distinctions are even indispensable. The principle of marginal-cost pricing is widely used by economists. It states that the price of energy must always equal its marginal production cost, such that supply and demand are equal. Naturally, this principle makes no claims for the overall economic balance. Countries can always decide to tax finished products with a high energy content, gasoline for example, in particular to slow the growth in energy demand. At the same time, they can seek to encourage the production of energy by decontrolling certain prices or offering tax incentives, for example, to energy-producing companies. Out of a desire for impartiality, such countries can also deregulate certain prices and, by taxation, recover all or part of the added rent created. Should it be decided to collect the entire new rent, the goal is then one of realistic pricing and reduced demand." @default.
- W117926383 created "2016-06-24" @default.
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- W117926383 date "1979-01-01" @default.
- W117926383 modified "2023-09-23" @default.
- W117926383 title "Future Evolution of the Price of Energy" @default.
- W117926383 doi "https://doi.org/10.1016/b978-0-08-024225-5.50018-3" @default.
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