Managing Permit Markets to Stabilize Prices
نویسندگان
چکیده
منابع مشابه
Managing Permit Markets to Stabilize Prices
The political economy of environmental policy favors the use of quantity-based instruments over price-based instruments (e.g., tradable permits over green taxes), at least in the United States. With cost uncertainty, however, there are clear efficiency advantages to prices in cases where the marginal damages of emissions are relatively flat, such as with greenhouse gases. The question arises, t...
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This publication primarily presents economic research aimed at improving policymaking by the Federal Reserve System and other governmental authorities. Articles may be reprinted if the source is credited and the Research Department is provided with copies of reprints. The views expressed herein are those of the authors and not necessarily those of the Federal Reserve Bank of Minneapolis or the ...
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ژورنال
عنوان ژورنال: Environmental & Resource Economics
سال: 2005
ISSN: 0924-6460,1573-1502
DOI: 10.1007/s10640-005-1761-y