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ralph lauren polo

 
Pauli Lappi
 
''Too many traders? On the welfare ranking of prices and quantities''
( 2017, Vol. 37 No.3 )
 
 
This study conducts a welfare comparison of emission tax and emissions trading in a multi-period model, in which the regulation instruments are chosen through a political process and unregulated participants can trade in the permit market. It is found that under reasonable conditions a tax yields a higher welfare level than emissions trading.
 
 
Keywords: Emissions trading, Emission tax, Lobbying, Welfare
JEL: Q5 - Environmental Economics: General
 
Manuscript Received : Mar 20 2017 Manuscript Accepted : Aug 31 2017

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