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studies on privatization. Moreover, Cournot competition and Stackelberg competition are separately analyzed to show that our … privatization in the presence of the environmental pollution. When the residents' environmental preference is introduced to the … public firm's objective function, we mainly find that privatization may increase the public firm's output, decrease the …
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Emissions taxes, tradeable emission permits and voluntary compliance policies are becoming the instruments of choice in controlling environmental problems at the national and international level. Careful design of these policies in second-best environments is a very important factor for their...
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