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Losses from effluent taxes and quotas under uncertainty

Journal of Environmental Economics and Management

By:
and

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Abstract

Recent theoretical papers by Adar and Griffin (J. Environ. Econ. Manag.3, 178-188 (1976)), Fishelson (J. Environ. Econ. Manag.3, 189-197 (1976)), and Weitzman (Rev. Econ. Studies41, 477-491 (1974)) show that,different expected social losses arise from using effluent taxes and quotas as alternative control instruments when marginal control costs are uncertain. Key assumptions in these analyses are linear marginal cost and benefit functions and an additive error for the marginal cost function (to reflect uncertainty). In this paper, empirically derived nonlinear functions and more realistic multiplicative error terms are used to estimate expected control and damage costs and to identify (empirically) the mix of control instruments that minimizes expected losses. ?? 1984.

Additional Publication Details

Publication type:
Article
Publication Subtype:
Journal Article
Title:
Losses from effluent taxes and quotas under uncertainty
Series title:
Journal of Environmental Economics and Management
Volume
11
Issue:
4
Year Published:
1984
Language:
English
Larger Work Type:
Article
Larger Work Subtype:
Journal Article
Larger Work Title:
Journal of Environmental Economics and Management
First page:
310
Last page:
326
Number of Pages:
17