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Title:Emission standards vs. taxes: the case of asymmetric Cournot duopoly and uncertain control costs PDF Logo
Authors:Heuson, Clemens
Issue Date:2008
Series/Report no.:Volkswirtschaftliche Diskussionsreihe // Institut für Volkswirtschaftslehre der Universität Augsburg 300
Abstract:It is well known that uncertainty concerning firms' costs as well as market power of the latter have to be taken into account in order to design and choose environmental policy instruments in an optimal way. As a matter of fact, in the most actual environmental regulation settings the policy maker has to face both of these complications simultaneously. However, hitherto environmental economic theory has restricted itself to either of them when submitting conventional policy instruments to a comparative analysis. The article at hand accounts for closing this gap by investigating the welfare effects of emission standards and taxes against the background of uncertain emission control costs and a polluting asymmetric Cournot duopoly.
Subjects:Asymmetric Cournot duopoly
external diseconomies of pollution
cost uncertainty
emission standard
emission tax
JEL:D62
D89
L13
Q58
Document Type:Working Paper
Appears in Collections:Volkswirtschaftliche Diskussionsreihe, Universität Augsburg

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