G2TT
来源类型FEEM working papers "Note di lavoro" series
规范类型论文
Taxes and Quotas for a Stock Pollutant with Multiplicative Uncertainty
Larry Karp; Michael Hoel
发表日期1999
出处Climate Change and Sustainable Development
出版年1999
语种英语
摘要We compare taxes and quotas when firms and the regulator have asymmetric information about abatement costs. Damages are caused by a stock pollutant. Uncertainty enters multiplicatively, i.e. it affects the slope rather than the intercept of abatement costs. We calibrate the model using cost and damage estimates of greenhouse gases. As with additive uncertainty, taxes dominate quotas. The advantage of taxes is much greater with mulitiplicative, compared to additive uncertainty.
特色分类H21,Q28
关键词Pollution control,asymmetric information,taxes and quotas,stochastic control,global warming,multiplicative disturbances
URLhttps://www.feem.it/en/publications/feem-working-papers-note-di-lavoro-series/taxes-and-quotas-for-a-stock-pollutant-with-multiplicative-uncertainty/
来源智库Fondazione Eni Enrico Mattei (Italy)
资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/116407
推荐引用方式
GB/T 7714
Larry Karp,Michael Hoel. Taxes and Quotas for a Stock Pollutant with Multiplicative Uncertainty. 1999.
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