Environmental Regulation in Vertically Coordinated Industries
نویسندگان
چکیده
This research was supported by the U.S Department of Agriculture National Research Initiative Competitive Grants Program under Cooperative Agreement No. 99354007797. We are grateful to Bob Chambers, Ethan Ligon, Tigran Melkonyan, David Zilberman, and seminar participants at Columbia University, the University of California-Berkeley, and the University of Texas-Dallas for their comments and suggestions. Responsibility for errors is, of course, ours alone.
منابع مشابه
Park Environmental Regulation in Vertically Coordinated Industries
Many notable pollution problems occur in industries where production is carried out under vertical coordination arrangements that are characterized by conditions of double moral hazard. In contrast to situations characterized by full informatio n, we show that standard prescriptions of environmental economics do not apply. Imposing a Pigouvian tax equal to the marginal cost of pollution does no...
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