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	Provedor de dados 31 (1) Autor Herath, Deepananda P.B. (1) Weersink, Alfons (1) Palavra-chave Economic Instrument Selection (1) Environmental Economics and Policy (1) Industrial Organization (1) Transaction Costs (1) Tipo do documento Conference Paper or Presentation (1) Ano 1999 (1) País United States (1) Idioma Inglês (1)		Ordenar por:  Relevância Autor Título Ano Registros recuperados: 1 Primeira ... 1 ... Última TRANSACTION COSTS, ECONOMIC INSTRUMENTS AND ENVIRONMENTAL POLICIES 31 Herath, Deepananda P.B.; Weersink, Alfons. This study has attempted to distinguish the alternative forms of transaction costs referred to the environmental policy literature and to bring these transaction costs into a unified theory. The optimal choice of economic instrument between Pigouvian taxes and tradable permits is shown to depend on the level of transaction costs as opposed to the standard model where both emission taxes and permits are first best policies to achieve a level of emissions. It is demonstrated that inclusion of transaction costs decreases the socially optimal emission level as compared to the standard model. Instrument selection is affected by the functional specification for instrument costs for both firm and regulator level. Depending on the nature of these costs... Tipo: Conference Paper or Presentation Palavras-chave: Transaction Costs; Economic Instrument Selection; Environmental Economics and Policy; Industrial Organization. Ano: 1999 URL: http://purl.umn.edu/21588 Registros recuperados: 1 Primeira ... 1 ... Última

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