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Emissions Taxes and Abatement Regulation Under Uncertainty

机译:不确定性下的排污税和减排规定

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摘要

We consider environmental regulation in a context where firms invest in abatement technology under conditions of uncertainty about subsequent abatement cost, but can subsequently adjust output in the light of true marginal abatement cost. Where an emissions tax is the only available instrument, policy faces a trade-off between the incentive to invest in abatement technology and efficiency in subsequent output decisions. More efficient outcomes can be achieved by supplementing the emissions tax with direct regulation of abatement technology, or by combining the tax with an abatement technology investment subsidy. We compare the properties of these alternative instrument combinations.
机译:在企业对后续减排成本不确定的条件下投资于减排技术的情况下,我们考虑环境监管,但随后可以根据实际的边际减排成本调整产出。在排放税是唯一可用的手段的情况下,政策面临着对减排技术进行投资的动机与后续产出决策的效率之间的权衡。通过直接对减排技术进行监管来补充排放税,或者将排放税与减排技术投资补贴相结合,可以实现更有效的结果。我们比较了这些替代仪器组合的属性。

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