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Prices versus Quantities versus Bankable Quantities

Resource and Energy Economics, no. 4 (2012): 607-623

Cited by: 78|Views11
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Abstract Welfare comparisons,of regulatory instruments under uncertainty have typically focused on price versus quantity controls. This is true even in dynamic analyses of cumulative pollutants and despite the presence of banking and to some extent borrowing,provisions in existing emission trading programs. Nonetheless, many have argued t...More

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