-best level, or for a tax delivering the first-best environmental protection level. Despite its under-provision of environmental … protection, the standard dominates the tax from a welfare perspective due to its higher productive efficiency, i.e., a smaller … gap between the environmental qualities of the two goods supplied. In stark contrast, voters unanimously prefer a tax to a …

-best level, or for a tax delivering the first-best environmental protection level. Despite its under-provision of environmental … protection, the standard dominates the tax from a welfare perspective due to its higher productive efficiency, i.e., a smaller … gap between the environmental qualities of the two goods supplied. In stark contrast, voters unanimously prefer a tax to a …

the choice of policies. When pollutants are complements, a mixed policy instrument with a tax on one pollutant and a quota …

policy instrument with a tax on one pollutant and a quota on the other is sometime preferable, even if the pollutants are …