Regulating stock externalities under uncertainty
نویسندگان
چکیده
منابع مشابه
Regulating Stock Externalities Under Uncertainty
Using a simple analytical model incorporating benefits of a stock, costs of adjusting the stock, and uncertainty in costs, we uncover several important principles governing the choice of price-based policies (e.g., taxes) relative to quantity-based policies (e.g., tradable permits) for controlling stock externalities. Applied to the problem of greenhouse gases and climate change, we find that a...
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ژورنال
عنوان ژورنال: Journal of Environmental Economics and Management
سال: 2003
ISSN: 0095-0696
DOI: 10.1016/s0095-0696(02)00016-5