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Titolo:
Taxes and quotas for a stock pollutant with multiplicative uncertainty
Autore:
Hoel, M; Karp, L;
Indirizzi:
Univ Calif Berkeley, Dept Agr & Resource Econ, Berkeley, CA 94720 USA UnivCalif Berkeley Berkeley CA USA 94720 ce Econ, Berkeley, CA 94720 USA Univ Oslo, N-0317 Oslo, Norway Univ Oslo Oslo Norway N-0317Univ Oslo, N-0317 Oslo, Norway
Titolo Testata:
JOURNAL OF PUBLIC ECONOMICS
fascicolo: 1, volume: 82, anno: 2001,
pagine: 91 - 114
SICI:
0047-2727(200110)82:1<91:TAQFAS>2.0.ZU;2-F
Fonte:
ISI
Lingua:
ENG
Soggetto:
GREENHOUSE;
Keywords:
pollution control; asymmetric information; taxes and quotas; stochastic control; global warming; multiplicative disturbances;
Tipo documento:
Article
Natura:
Periodico
Settore Disciplinare:
Social & Behavioral Sciences
Citazioni:
27
Recensione:
Indirizzi per estratti:
Indirizzo: Karp, L Univ Calif Berkeley, Dept Agr & Resource Econ, 207 Giannini Hall, Berkeley, CA 94720 USA Univ Calif Berkeley 207 Giannini Hall Berkeley CA USA 94720 20 USA
Citazione:
M. Hoel e L. Karp, "Taxes and quotas for a stock pollutant with multiplicative uncertainty", J PUBLIC EC, 82(1), 2001, pp. 91-114

Abstract

We compare taxes and quotas when firms and the regulator have asymmetric information about the slope of firms' abatement costs. Damages are caused bya stock pollutant. We calibrate the model using cost and damage estimates of greenhouse gasses. Taxes dominate quotas, as with additive uncertainty. This model with multiplicative uncertainty allows us to compare expected stock levels under the two policies, and to investigate the importance of stock size and the magnitude of uncertainty on the policy ranking. (C) 2001 Elsevier Science B.V. All rights reserved.

ASDD Area Sistemi Dipartimentali e Documentali, Università di Bologna, Catalogo delle riviste ed altri periodici
Documento generato il 14/07/20 alle ore 07:04:27