کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
5067507 1372600 2008 14 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Prices vs. quantities: Public finance and the choice of regulatory instruments
موضوعات مرتبط
علوم انسانی و اجتماعی اقتصاد، اقتصادسنجی و امور مالی اقتصاد و اقتصادسنجی
پیش نمایش صفحه اول مقاله
Prices vs. quantities: Public finance and the choice of regulatory instruments
چکیده انگلیسی
Since Montgomery [1972. Markets in licenses and efficient pollution control programs. Journal of Economic Theory 5, 395-418] and Weitzman [1974. Prices vs. quantities. Review of Economic Studies 41, 477-491], it has generally been assumed that, in a full-information setting, tradable quotas and taxes are equivalent regulatory instruments. We demonstrate that, if the government is movitated by public-finance concerns, this equivalence holds only if quotas are short lived. Moreover, the government prefers quotas with the shortest possible lifetime, or, what is equivalent in our setting, taxes.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: European Economic Review - Volume 52, Issue 7, October 2008, Pages 1242-1255
نویسندگان
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