Ambec, Stefan and Coria, Jessica
(2013)
Prices vs quantities with multiple pollutants.
Journal of Environmental Economics and Management, 66 (1).
pp. 123-140.
Abstract
We examine the choice of policy instruments (price, quantity or a mix of the two) when two pollutants are regulated and firms' abatement costs are private information. Whether abatement efforts are complements or substitutes is key determining the choice of policies. When pollutants are complements, a mixed policy instrument with a tax on one pollutant and a quota on another is sometimes preferable even if the pollutants are identical in terms of benefits and costs of abatement. Yet, if they are substitutes, the mixed policy is dominated by taxes or quotas.
Item Type: | Article |
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Language: | English |
Date: | July 2013 |
Refereed: | Yes |
Subjects: | B- ECONOMIE ET FINANCE |
Divisions: | TSE-R (Toulouse) |
Site: | UT1 |
Date Deposited: | 09 Jul 2014 17:32 |
Last Modified: | 02 Apr 2021 15:47 |
OAI Identifier: | oai:tse-fr.eu:26746 |
URI: | https://publications.ut-capitole.fr/id/eprint/15492 |