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It is widely believed that an environmental tax (price regulation) and cap-and-trade (quantity regulation) are equally …. Emissions are lower and material welfare is higher with price regulation. Furthermore, quantity regulation gives rise to … to reduce pollution, while price regulation makes these efforts effective. …
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It is widely believed that an environmental tax (price regulation) and cap-and-trade (quantity regulation) are equally …. Emissions are lower and material welfare is higher with price regulation. Furthermore, quantity regulation gives rise to … to reduce pollution, while price regulation makes these efforts effective. …
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Non-saturated markets such as high-tech markets are attracting more and more eco-conscious consumers. Their utility can be increased by firms’ investment in carbon reduction, so the overall demand can be expanded without intensifying the market competition too much. In this paper, we build a...
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