Title
Windfalls and other profits Windfalls and other profits
Author
Faculty/Department
Faculty of Applied Economics
Publication type
article
Publication
Guildford ,
Source (journal)
Energy policy. - Guildford, 1973, currens
Volume/pages
36(2008) , p. 3249-3251
ISSN
0301-4215
1873-6777
ISI
000259592200002
Carrier
E
Target language
English (eng)
Full text (Publishers DOI)
Affiliation
University of Antwerp
Abstract
"Windfall profits" again is a popular term, but mostly the term is used inappropriately. This short article discusses why, and proposes a more complete taxonomy of profits. There exists little ground and need for policy to act against genuine windfalls, while the contrary holds for other excessive earnings. Very few windfalls, freely fallen down from winds in the sky, occur after observed excessive profits are stripped from deliberate man-made interventions. That is why clear identification and correct language are needed.
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