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The Quasi-Optimal Price of Undepletable Externalities: Comment

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  • T.H. Tietenberg

Abstract

In a recent article in this journal Hamlen (1977) extends the Baumol-Oates result that an emission fee which achieves a given level of an undepletable externality does so at minimum cost to society. He also suggests a procedure for empirically deriving the value of this fee.

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  • T.H. Tietenberg, 1978. "The Quasi-Optimal Price of Undepletable Externalities: Comment," Bell Journal of Economics, The RAND Corporation, vol. 9(1), pages 287-291, Spring.
    • Handle: RePEc:rje:bellje:v:9:y:1978:i:spring:p:287-291
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