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The paper studies the use of emission taxes and feed-in subsidies for the regulation of a monopoly that can produce the …
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externalities. For example, one authority may regulate a stock pollution and another a flow pollution that result from the same … leads to excess taxation. The analysis demonstrates how an authority has to adjust its regulation of an externality if a … warming and local air pollution as a result of CO2 emissions, a review of the results of integrated assessment model shows …
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