haku: @author Montero, J.-P. / yhteensä: 3
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| Tekijä: | Montero, J.-P. |
| Otsikko: | Prices versus quantities with incomplete enforcement |
| Lehti: | Journal of Public Economics
2002 : SEP, VOL. 85:3, p. 435-454 |
| Asiasana: | Environmental quality Uncertainty |
| Vapaa asiasana: | Environmental regulation Incomplete enforcement |
| Kieli: | eng |
| Tiivistelmä: | The author studies whether incomplete enforcement of a regulation has any impact on the choice between price (e.g.taxes) and quantity (e.g. tradeable quotas) instruments. Results indicate that a second-best design accounting for incomplete enforcement can be implemented equally well with either instrument as long as the benefit and cost curves are known with certainty. If these curves are uncertain to the regulator, however, the quantity instrument performs relatively better than the price instrument. |
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