increase global abatement technology prices, reduce pollution abatement abroad and increase emission leakage. On the contrary …

Traditionally, scholars debating the choice between emissions trading and a pollution tax as environmental policy … environmental problems. Instead, a pollution tax or a trading program almost always operates in conjunction with other programs. The … quality and waste management.This article argues that a pollution tax works much better with other programs than emissions …

pollution-related industries. The government can avoid such losses by freely allocating some emissions permits or by exempting … some inframarginal emissions from a pollution tax. However, preventing profit-losses in this way involves an efficiency … the other efficiency costs of pollution-control. When the abatement requirement becomes more extensive, the cost of this …