Wirl, Franz; Huber, Claus - In: Review of Economic Design 9 (2005) 4, pp. 337-362
This paper investigates how the threat of a pollution tax fosters voluntary arrangements under private information and how such arrangements (of the take-it-or-leave-it type) will look like. The objective is (i), to address a topical and policy relevant problem, and (ii), to highlight that the...