Nault, Barrie R. - In: Management Science 42 (1996) 3, pp. 307-320
can be included in policy selection. This paper studies the equivalence between taxes and subsidies in the control of … negative production externalities. In our models, under the tax regime, firms that take no treatment action to mitigate the … damage caused by their negative externalities are punished, whereas under the subsidy regime, firms are rewarded for …
