The traditional view of economists has been that corrective taxes are superior to direct regulation of harmful … adopted a different view-that either corrective taxes or quantity regulation could be superior to the other. We emphasize that … corrective taxes are superior to quantity regulation. Another argument favoring quantity regulation is that it gains appeal when …

The traditional view of economists has been that corrective taxes are superior to direct" regulation of harmful … have adopted the view that either corrective" taxes or quantity regulation could be superior to the other. One argument for …) even when harm is nonlinear. Corrective taxes are indeed superior to quantity" regulation if -- as seems more plausible …

The traditional view of economists has been that corrective taxes are superior to direct" regulation of harmful … have adopted the view that either corrective" taxes or quantity regulation could be superior to the other. One argument for …) even when harm is nonlinear. Corrective taxes are indeed superior to quantity" regulation if -- as seems more plausible …

The traditional view of economists has been that corrective taxes are superior to direct regulation of harmful … adopted the view that either corrective taxes or quantity regulation could be superior to the other. One argument for this … schedule) even when harm is nonlinear. Corrective taxes are indeed superior to quantity regulation if -- as seems more …