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optimal tax/tax refunding scheme exists if pollution is proportional to output and firms compete à la Cournot. If short …
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optimal tax/tax refunding scheme exists if pollution is proportional to output and firms compete à la Cournot. If short …
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optimal tax/tax refunding scheme exists if pollution is proportional to output and firms compete a la Cournot. If short …
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We explore the design of self-financing tax/subsidy mechanisms to solve hold-up problems in environmental regulation. Under Cournot competition, announcing the subsidy rate seems to be preferable to announcing the tax rate. Moreover, for constant marginal damage the hold-up problem can always be...
Persistent link: https://www.econbiz.de/10003147797
We explore the design of self-financing tax/subsidy mechanisms to solve hold-up problems in environmental regulation. Under Cournot competition, announcing the subsidy rate seems to be preferable to announcing the tax rate. Moreover, for constant marginal damage the hold-up problem can always be...
Persistent link: https://www.econbiz.de/10003120276