In our analytical general equilibrium model where two polluting inputs can be substitutes or complements in production, we study the effects of a tax on one pollutant in two cases: one where both pollutants face taxes and the second where the other pollutant is subject to a permit policy. In...

In this book, Tingsong Jiang extensively discusses the wider issues of economic instruments of pollution control as well as paying specific attention to the control of carbon dioxide emissions in China. The book begins with a general analysis of economic instruments of pollution control, and is...