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Provedor de dados:  AgEcon
País:  United States
Título:  Regulation of Stock Externalities with Correlated Costs
Autores:  Karp, Larry S.
Zhang, Jiangfeng
Data:  2006-02-06
Ano:  2003
Palavras-chave:  Pollution control
Asymmetric information
Learning
Correlated costs
Choice of instruments
Environmental Economics and Policy
C61
D8
H21
Q28
Resumo:  We study a dynamic regulation model where firms' actions contribute to a stock externality. The regulator and firms have asymmetric information about serially correlated abatement costs. With price-based policies such as taxes, or if firms trade quotas efficiently, the regulator learns about the evolution of both stock and costs. This ability to learn about costs is important in determining the ranking of taxes and quotas, and in determining the value of a feedback rather than an open-loop policy.
Tipo:  Working or Discussion Paper
Idioma:  Inglês
Identificador:  19792

http://purl.umn.edu/25077
Editor:  AgEcon Search
Relação:  University of California, Berkeley>Department of Agricultural and Resource Economics>CUDARE Working Papers
CUDARE Working Paper 892R
Formato:  32

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