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: | English |
| Published: |
Springer-Verlag,
2014-03-14T17:50:34Z.
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| Subjects: | |
| Online Access: | Get fulltext |