Sandmo, Agnar - In: Environmental & Resource Economics 23 (2002) 1, pp. 85-103
Discussions of efficient environmental policytend to recommend taxes rather than quotas ongrounds of efficiency; a … will not always be discovered.This paper explores the conditions under whichthe efficiency properties of taxes continue … distinction betweentaxes and quotas becomes less clear. Taxes maybe evaded by underreporting of emissions, whilequota violations …