What is the definition of Pigovian tax? | Dictionary.net

PIGOVIAN TAX

\pɪɡˈə͡ʊvi͡ən tˈaks], \pɪɡˈə‍ʊvi‍ən tˈaks], \p_ɪ_ɡ_ˈəʊ_v_iə_n t_ˈa_k_s]\

Definitions of PIGOVIAN TAX

1910 - Black's Law Dictionary (2nd edition)

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A method used for fixing the consequences for a certain group or society, or to fix the negative externalities of any company or industrial sector. Extra taxes are levied on the companies, for instance tobacco companies.

1910 - Black's Law Dictionary (2nd edition)
By Henry Campbell Black

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