| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 5055410 | Economic Modelling | 2011 | 10 Pages |
Abstract
⺠Taxes and non-tradable quotas for the reduction of pollution emissions are analyzed. ⺠The optimal adoption threshold under taxes is always larger than under quotas. ⺠Regulators wishing to implement cleaner technologies should prefer quotas to taxes. ⺠It holds also with ecological uncertainty and Choquet-Brownian ambiguity. ⺠More ambiguity averse regulators are more cautious in adopting such policy options.
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Economics and Econometrics
Authors
Elettra Agliardi, Luigi Sereno,