the benefits of environmental improvement, and then expand the analysis to explore how uncertainty on the part of …

uncertainty about post-merger conduct into a simple merger simulation model. We isolate the problem of uncertainty regarding post …

demand, the cost of abatement and the damage caused from pollution. Under these modes of uncertainty we derive sufficient …

We welfare rank different types of second-best environmental policy. The focus is on the roles of uncertainty and … uncertainty is economic, the best recipe is to levy taxes (on pollution or output) and use the collected tax revenues to finance … public abatement. However, when environmental uncertainty is the dominant source of extrinsic uncertainty, Kyoto-like rules …