Becker, Nir; Baron, Mira; Shechter, Mordechai - In: Environmental & Resource Economics 3 (1993) 3, pp. 263-284
The paper explores the performance of decentralized incentives when abatement involves technological indivisibilities. Technologically, pollution abatement is often carried out as a discrete process, if pollution reduction involves relatively large-scale investments in emission abatement...