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efficiency terms, one for each firm.This paper identifies the latter correction terms. …
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trade center has to be selected. We define Pareto efficiency in this setting and decentralize decision making concerning …
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Many pollution-related industries wield strong political influence and can e.ectively veto policy initiatives that would harm their profits.A politically realistic approach to environmental policy therefore seems to require the alleviation of significant profitlosses to these industries.The...
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