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dc.contributor.author
Rohling, Moritz
dc.contributor.author
Ohndorf, Markus
dc.date.accessioned
2017-11-23T10:28:22Z
dc.date.available
2017-06-13T12:26:10Z
dc.date.available
2017-11-23T10:28:22Z
dc.date.issued
2010-07
dc.identifier.uri
http://hdl.handle.net/20.500.11850/152457
dc.identifier.doi
10.3929/ethz-a-006309778
dc.description.abstract
Regulating international externalities, like climate change, raises various enforcement problems. It is often argued that international price-based regulations (e.g. emission taxes) are more difficult to enforce than quantity-based regulations (e.g. tradable pollution permits). In this paper, we analyze the relative performance of price-based and quantity-based instruments when costs and benefits are uncertain and enforcement of quantity regimes is stricter than that of price regimes. We show that under these conditions, instrument choice solely based on the relative slopes of the marginal curves can yield inefficient results. If policy enforcement differs, rational policy choice should also take into account the level of the marginal benefit curve, as well as institutional parameters. In contrast to earlier analyses on "Prices vs. Quantities", we find that the choice of instrument also depends on the variance of the marginal abatement costs. Numerical simulations of our stylized model suggest that, for climate policies, quantity-regulations might well be preferable to price-based approaches after all.
en_US
dc.language.iso
en
en_US
dc.publisher
ETH, Swiss Federal Institute of Technology, IED, Institute for Environmental Decisions
en_US
dc.rights.uri
http://rightsstatements.org/page/InC-NC/1.0/
dc.subject
ECONOMIC AND SOCIAL ASPECTS OF ENVIRONMENTAL PROTECTION MEASURES
en_US
dc.subject
Uncertainty
en_US
dc.subject
ECOTAXES + ENVIRONMENTAL TAXES
en_US
dc.subject
TRADABLE EMISSION PERMITS (ENVIRONMENTAL CHARGES)
en_US
dc.subject
ÖKOSTEUERN + UMWELTSTEUERN
en_US
dc.subject
Environmental regulation
en_US
dc.subject
Market-based instruments
en_US
dc.subject
HANDELBARE EMISSIONSBEWILLIGUNGEN + HANDELBARE ZERTIFIKATE (UMWELTABGABEN)
en_US
dc.subject
ÖKONOMISCHE UND SOZIALE GESICHTSPUNKTE VON UMWELTSCHUTZMASSNAHMEN
en_US
dc.subject
Incomplete enforcement
en_US
dc.title
Prices vs. quantities with fiscal cushioning
en_US
dc.type
Working Paper
dc.rights.license
In Copyright - Non-Commercial Use Permitted
ethz.journal.title
IED Working Paper
ethz.journal.volume
11
en_US
ethz.size
30 p.
en_US
ethz.code.ddc
3 - Social sciences::333.7 - Natural resources, energy and environment
en_US
ethz.identifier.nebis
006309778
ethz.publication.place
Zürich
en_US
ethz.publication.status
published
en_US
ethz.leitzahl
ETH Zürich::00002 - ETH Zürich::00012 - Lehre und Forschung::00007 - Departemente::02350 - Dep. Umweltsystemwissenschaften / Dep. of Environmental Systems Science::02723 - Institut für Umweltentscheidungen / Institute for Environmental Decisions
en_US
ethz.leitzahl
ETH Zürich::00002 - ETH Zürich::00012 - Lehre und Forschung::00007 - Departemente::02045 - Dep. Geistes-, Sozial- u. Staatswiss. / Dep. of Humanities, Social and Pol.Sc.::03361 - Schubert, Renate / Schubert, Renate
en_US
ethz.leitzahl.certified
ETH Zürich::00002 - ETH Zürich::00012 - Lehre und Forschung::00007 - Departemente::02045 - Dep. Geistes-, Sozial- u. Staatswiss. / Dep. of Humanities, Social and Pol.Sc.::03361 - Schubert, Renate / Schubert, Renate
ethz.date.deposited
2017-06-13T12:29:08Z
ethz.source
ECOL
ethz.source
ECIT
ethz.identifier.importid
imp59366afaedea352808
ethz.identifier.importid
imp59364d592c89962220
ethz.ecolpid
eth:2367
ethz.ecitpid
pub:43655
ethz.eth
yes
en_US
ethz.availability
Open access
en_US
ethz.rosetta.installDate
2017-07-15T07:34:22Z
ethz.rosetta.lastUpdated
2017-11-23T10:28:25Z
ethz.rosetta.versionExported
true
ethz.COinS
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