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标题：Environmental efficiency of price and quantity policies
本地全文：下载
作者：Hsiao-chi Chen ; Shi-miin Liu
期刊名称：Economics Bulletin
电子版ISSN：1545-2921
出版年度：2018
卷号：38
期号：3
页码：1-10
出版社：Economics Bulletin
摘要：Under the set-up of Weitzman (1974), we examine the relative environmental efficiency of price (i.e., emission tax) and quantity (i.e., emission cap) policies given the expected net benefits of emissions no less than some fixed value. We discover that quantity policies are more environmentally efficient than price policies regardless of relative steepness of emissions' marginal benefit and marginal cost functions. However, if the constraint of minimum expected net benefits of emissions is not considered, both price and quantity policies are equally efficient.