Pollution control with imperfectly observable emissions
AbstractIn this paper, a model of environmental regulation with imperfect monitoring of emissions is presented. The regulator can use linear output taxes and emission taxes to influence the pollution level of a risk-averse firm. In contrast to the perfect monitoring case, a tax mix will usually be optimal. The relative weight depends on the degree of risk aversion and monitoring imperfection, and on technological factors. Copyright Kluwer Academic Publishers 1996
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Bibliographic InfoArticle provided by European Association of Environmental and Resource Economists in its journal Environmental & Resource Economics.
Volume (Year): 7 (1996)
Issue (Month): 3 (April)
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Web page: http://www.springerlink.com/link.asp?id=100263
Asymmetric information; pollution control; emission taxes; output taxes; monitoring problems;
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