| 来源类型 | FEEM working papers "Note di lavoro" series
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| 规范类型 | 论文
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| Taxes and Quotas for a Stock Pollutant with Multiplicative Uncertainty |
| Larry Karp; Michael Hoel
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| 发表日期 | 1999
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| 出处 | Climate Change and Sustainable Development
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| 出版年 | 1999
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| 语种 | 英语
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| 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
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| 关键词 | Pollution control,asymmetric information,taxes and quotas,stochastic control,global warming,multiplicative disturbances
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| URL | https://www.feem.it/en/publications/feem-working-papers-note-di-lavoro-series/taxes-and-quotas-for-a-stock-pollutant-with-multiplicative-uncertainty/
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| 来源智库 | Fondazione Eni Enrico Mattei (Italy)
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| 资源类型 | 智库出版物
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| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/116407
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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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文件名：
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NDL1999-015.pdf
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格式：
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Adobe PDF
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