haku: @author Stavins, R. / yhteensä: 2
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| Tekijä: | Stavins, R. |
| Otsikko: | Transaction costs and tradeable permits |
| Lehti: | Journal of Environmental Economics and Management
1995 : SEP, VOL. 29:2, p. 133-148 |
| Asiasana: | TRANSACTION COSTS TRADE ECONOMICS |
| Kieli: | eng |
| Tiivistelmä: | Tradeable-permit systems are at the center of current interest and activity in market-based reforms of environmental policy, because these systems can offer significant advantages over conventional approaches to pollution control. Unfortunately, claims made for their relative cost-effectiveness have often been exaggerated. Transaction costs, which may be significant in these markets, reduce trading levels and increase abatement costs. |
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