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Prices vs. Quantities: A Critical Note on the Use of Approximations

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  • James M. Malcomson

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  • James M. Malcomson, 1978. "Prices vs. Quantities: A Critical Note on the Use of Approximations," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 45(1), pages 203-207.
    • Handle: RePEc:oup:restud:v:45:y:1978:i:1:p:203-207.
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    Cited by:

    1. Bernardo Moreno & Jose L. Torres, 2007. "Output Subsidies and Quotas under Uncertainty and Firm Heterogeneity," International Journal of Business and Economics, School of Management Development, Feng Chia University, Taichung, Taiwan, vol. 6(2), pages 147-160, August.
    2. Hoel, Michael & Karp, Larry, 2002. "Taxes versus quotas for a stock pollutant," Resource and Energy Economics, Elsevier, vol. 24(4), pages 367-384, November.
    3. Carlos Chávez & John Stranlund, 2009. "A Note on Emissions Taxes and Incomplete Information," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 44(1), pages 137-144, September.
    4. Costello, Christopher & Karp, Larry, 2004. "Dynamic taxes and quotas with learning," Journal of Economic Dynamics and Control, Elsevier, vol. 28(8), pages 1661-1680, June.
    5. Stranlund, John K. & Ben-Haim, Yakov, 2006. "Price-Based vs. Quantity-Based Environmental Regulation under Knightian Uncertainty: An Info-Gap Robust Satisficing Perspective," Working Paper Series 14528, University of Massachusetts, Amherst, Department of Resource Economics.
    6. Clemens Heuson, 2008. "Emission standards vs. taxes: The case of asymmetric Cournot duopoly and uncertain control costs," Working Papers 045, Bavarian Graduate Program in Economics (BGPE).
    7. JunJie Wu & Bruce Babcock, 2001. "Spatial Heterogeneity and the Choice of Instruments to Control Nonpoint Pollution," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 18(2), pages 173-192, February.
    8. Fischer, Carolyn & Laxminarayan, Ramanan, 2010. "Managing partially protected resources under uncertainty," Journal of Environmental Economics and Management, Elsevier, vol. 59(2), pages 129-141, March.
    9. Hoel, Michael & Karp, Larry, 2001. "Taxes and quotas for a stock pollutant with multiplicative uncertainty," Journal of Public Economics, Elsevier, vol. 82(1), pages 91-114, October.
    10. Alessio D’Amato & Bouwe R. Dijkstra, 2018. "Adoption incentives and environmental policy timing under asymmetric information and strategic firm behaviour," Environmental Economics and Policy Studies, Springer;Society for Environmental Economics and Policy Studies - SEEPS, vol. 20(1), pages 125-155, January.
    11. Clemens Heuson, 2008. "Weitzman revisited: Emission standards vs. taxes with uncertain control costs and market power of polluting firms," Discussion Paper Series 299, Universitaet Augsburg, Institute for Economics.
    12. James Shortle & Richard D. Horan, 2017. "Nutrient Pollution: A Wicked Challenge for Economic Instruments," Water Economics and Policy (WEP), World Scientific Publishing Co. Pte. Ltd., vol. 3(02), pages 1-39, April.
    13. Ollikka, Kimmo, 2014. "Essays on auction mechanisms and information in regulating pollution," Research Reports 66, VATT Institute for Economic Research.
    14. Karp, Larry S. & Costello, Christopher, 2000. "Dynamic Quotas with Learning," CUDARE Working Papers 6245, University of California, Berkeley, Department of Agricultural and Resource Economics.
    15. Xavier Freixas, 1981. "Une analyse coût-avantage des mécanismes d'allocation : l'approche prix-quantités," Revue Économique, Programme National Persée, vol. 32(6), pages 1074-1086.
    16. Cameron Hepburn, 2006. "Regulation by Prices, Quantities, or Both: A Review of Instrument Choice," Oxford Review of Economic Policy, Oxford University Press and Oxford Review of Economic Policy Limited, vol. 22(2), pages 226-247, Summer.
    17. Qinglong Wang & Jiale Huang & Xian Zhang & Weina Qin & Huina Zhang & Yani Dong, 2022. "Climate Change and Human Response to Sustainable Environmental Governance Policy: Tax or Emissions Trading?," Sustainability, MDPI, vol. 14(15), pages 1-13, August.
    18. Diaw, K., 2003. "Cost Allocation as a Coordination Mechanism," Other publications TiSEM 863ac46d-34c8-442d-8d82-6, Tilburg University, School of Economics and Management.
    19. Diaw, K., 2003. "Cost Allocation as a Coordination Mechanism," Discussion Paper 2003-128, Tilburg University, Center for Economic Research.
    20. John Bennett, 2022. "Rationed price controls and “prices versus quantities”," Journal of Public Economic Theory, Association for Public Economic Theory, vol. 24(6), pages 1364-1385, December.
    21. Karp, Larry S. & Zhang, Jiangfeng, 2003. "Regulation of Stock Externalities with Correlated Costs," CUDARE Working Papers 25077, University of California, Berkeley, Department of Agricultural and Resource Economics.
    22. Mandell, Svante, 2008. "Optimal mix of emissions taxes and cap-and-trade," Journal of Environmental Economics and Management, Elsevier, vol. 56(2), pages 131-140, September.
    23. Brozovic, Nicholas & Sunding, David L. & Zilberman, David, 2004. "Prices versus Quantities Reconsidered," 2004 Annual meeting, August 1-4, Denver, CO 20257, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    24. D’Amato, Alessio & Dijkstra, Bouwe R., 2015. "Technology choice and environmental regulation under asymmetric information," Resource and Energy Economics, Elsevier, vol. 41(C), pages 224-247.
    25. Ollikka, Kimmo, 2014. "Essays on auction mechanisms and information in regulating pollution," Research Reports P66, VATT Institute for Economic Research.

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