The price vs quantity debate: climate policy and the role of business cycles
What is the optimal instrument design and choice for a regulator attempting to control emissions by private agents in face of uncertainty arising from business cycles? In applying Weitzman's result [Prices vs. quantities, Review of Economic Studies, 41 (1974), 477-491] to the problem of greenho...
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| Format: | Working paper |
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University of Oxford
2014
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