Eichner, Thomas; Kollenbach, Gilbert; Schopf, Mark - 2018
prices in its favor. The deposit-purchase policy is inefficient since it leaves the first-period climate damage externality … non-internalized, which is in stark contrast to the efficiency of the deposit-purchase policy in static models. However …, for a proper subset of economies the deposit-lease policy turns out to be efficient. It internalizes the climate damage …