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	Provedor de dados AgEcon (1) Autor Pizer, William A. (1) Palavra-chave C68 (1) Climate change (1) D81 (1) Demand and Price Analysis (1) General equilibrium modeling (1) Policy under uncertainty (1) Price and quantity controls (1) Q28 (1) Mais... Tipo do documento Working or Discussion Paper (1) Ano 1997 (1) País United States (1) Idioma Inglês (1)		Ordenar por:  Relevância Autor Título Ano Registros recuperados: 1 Primeira ... 1 ... Última Prices vs. Quantities Revisited: The Case of Climate Change AgEcon Pizer, William A.. Uncertainty about compliance costs causes otherwise equivalent price and quantity controls to behave differently. Price controls - in the form of taxes - fix the marginal cost of compliance and lead to uncertain levels of compliance. Meanwhile quantity controls - in the form of tradable permits or quotas - fix the level of compliance but result in uncertain marginal costs. This fundamental difference in the face of cost uncertainty leads to different welfare outcomes for the two policy instruments. Seminal work by Weitzman (1974) clarified this point and derived theoretical conditions under which one policy is preferred to the other. This paper applies this principal to the issue of worldwide greenhouse gas (GHG) control, using a global integrated climate... Tipo: Working or Discussion Paper Palavras-chave: Climate change; Policy under uncertainty; Price and quantity controls; General equilibrium modeling; Demand and Price Analysis; Q28; D81; C68. Ano: 1997 URL: http://purl.umn.edu/10498 Registros recuperados: 1 Primeira ... 1 ... Última

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