The Role of Stocks and Shocks Concepts in the Debate Over Price Versus Quantity
Recent literature showed that the choice between a price or quantity control depends, in part, on the dynamic structure of cost uncertainty. Temporary shocks to abatement cost favors the use of a price control, while permanent shocks favor a quantity control. Unfortunately, the importance of this as...
| Main Authors: | , |
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| Format: | Article |
| Language: | en_US |
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Springer-Verlag
2014
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| Online Access: | http://hdl.handle.net/1721.1/85639 https://orcid.org/0000-0001-9313-4865 |