David, Maia; Sinclair-Desgagné, Bernard - In: Journal of Regulatory Economics 28 (2005) 2, pp. 141-155
This paper re-examines environmental regulation, under the assumption that pollution abatement technologies and … implies that the optimal pollution tax will be higher than the marginal social cost of pollution, while a voluntary approach … to pollution abatement may fail unless the eco-industry itself is willing to participate. Copyright Springer Science …