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can establish the overall pollution-reduction goal for a cap-and-trade system by setting the cap, and leave it up to the …
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technologies which reduce the cost of pollution abatement. The innovating firm can patent this innovation and use a licensing fee … a pollution tax or a marketable permit. However, the returns to the innovator from innovation are not the same under the …
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can establish the overall pollution-reduction goal for a cap-and-trade system by setting the cap, and leave it up to the …
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