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This article presents lessons from the rich adoption literature for the nascent research on adaptation. Individuals' adoption choices are affected by profit and risk considerations and by credit and biophysical constraints. New technologies spread gradually, reflecting heterogeneity among...
Persistent link: https://www.econbiz.de/10013036465
This paper investigates the performance of liability rules in two-party stochastic externality problems where negotiations are feasible and side payments are based on the realized level of externalities. Results show that an increase in polluter liability does not necessarily increase safety or...
Persistent link: https://www.econbiz.de/10012469020
In this paper, the authors discuss the ways in which national governments, firms, and individuals respond to policy related to food safety, environmental protection, and trade. These responses must be considered in the development of policy to ensure the best possible outcomes. It accounts for...
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We derive optimal input taxes to control stock pollution problems generated by heterogeneous agents. The taxes vary …
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externalities. For example, one authority may regulate a stock pollution and another a flow pollution that result from the same … warming and local air pollution as a result of CO2 emissions, a review of the results of integrated assessment model shows … potential for a tax to control local air pollution is likely to clearly be in the two-digit percent range if they take account …
Persistent link: https://www.econbiz.de/10013321740