| 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. |
| Genre: | Article |
| ProdID: | 70014050 |
| Citation Author: | Watson, W. D.; Ridker, R. G. |
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| Citation End Page: | 326 |
| Citation Issue: | 4 |
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| Citation Language: | English |
| Citation Larger Work Title: | Journal of Environmental Economics and Management |
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| Citation Number Of Pages: | 17 |
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| Citation Search Results Text: | Losses from effluent taxes and quotas under uncertainty; 1984; Article; Journal; Journal of Environmental Economics and Management; Watson, W. D.; Ridker, R. G. |
| Citation Start Page: | 310 |
| Citation Volume: | 11 |
| Citation Year: | 1984 |
| Type: | citation/reference |
| Text: | Losses from effluent taxes and quotas under uncertainty; 1984; Article; Journal; Journal of Environmental Economics and Management; Watson, W. D.; Ridker, R. G. |
| URL (THUMBNAIL): | http://pubs.er.usgs.gov/thumbnails/outside_thumb.jpg |
| Date Other: | Sun, 1 Jan 1984 00:00 -0600 |
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