The Prime Ministerial Task Group on Emissions Trading
نویسندگان
چکیده
منابع مشابه
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15 صفحه اولThe Evolution of Emissions Trading
Economists viewed the world through the eyes of Pigou (1920). Professor A. C. Pigou had argued that in the face of an externality, such as pollution, the appropriate remedy involved imposing a per-unit tax on the emissions from a polluting activity. The tax rate would be set equal to the marginal external social damage caused by the last unit of pollution at the efficient allocation. Faced with...
متن کاملMonetary Emissions Trading Mechanisms
Emissions trading mechanisms have been proposed, and in some cases implemented, as a tool to reduce pollution. We argue that emission-trading mechanisms share some similarities with monetary mechanisms. Both attempt to implement desirable allocations under various frictions, including risk and private information. In addition, implementation relies on the issue and trading of objects whose valu...
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ژورنال
عنوان ژورنال: Agenda - A Journal of Policy Analysis and Reform
سال: 2007
ISSN: 1322-1833,1447-4735
DOI: 10.22459/ag.14.03.2007.03