Tietenberg, T.H. - In: Bell Journal of Economics 9 (1978) 1, pp. 287-291
In a recent article in this journal Hamlen (1977) extends the Baumol-Oates result that an emission fee which achieves a given level of an undepletable externality does so at minimum cost to society. He also suggests a procedure for empirically deriving the value of this fee.