000042129 001__ 42129
000042129 005__ 20180122205649.0
000042129 037__ $$a1669-2016-136451
000042129 041__ $$aen
000042129 084__ $$aL51
000042129 084__ $$aQ28
000042129 245__ $$aA Note on Emissions Taxes and Incomplete Information
000042129 260__ $$c2008-07
000042129 269__ $$a2008-07
000042129 270__ $$mcchavez@udec.cl$$pChavez,   Carlos A.
000042129 270__ $$mstranlund@resecon.umass.edu$$pStranlund,   John K.
000042129 300__ $$a13
000042129 336__ $$aWorking or Discussion Paper
000042129 490__ $$aWorking Paper
000042129 490__ $$a2008-5
000042129 520__ $$aIn contrast with what we perceive is the conventional wisdom about setting emissions taxes under uncertainty, we demonstrate that setting a uniform tax equal to expected marginal damage is not generally efficient under incomplete information about firms’ abatement costs and damages from pollution.  We show that efficient taxes will deviate from expected marginal damage if there is uncertainty about the slopes of the marginal abatement costs of regulated firms. Moreover, efficient emissions tax rates will vary across firms if a regulator can use observable firm-level characteristics to gain some information about how the firms’ marginal abatement costs vary.
000042129 542__ $$fLicense granted by Peg Cialek (margaret@resecon.umass.edu) on 2008-07-25T17:00:11Z (GMT):

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000042129 650__ $$aEnvironmental Economics and Policy
000042129 650__ $$aPublic Economics
000042129 650__ $$aRisk and Uncertainty
000042129 6531_ $$aEmissions Taxes
000042129 6531_ $$aIncomplete Information
000042129 6531_ $$aUncertainty
000042129 700__ $$aChavez, Carlos A.
000042129 700__ $$aStranlund, John K.
000042129 8564_ $$s129058$$uhttp://ageconsearch.umn.edu/record/42129/files/ResEcWorkingPaper2008-5.pdf
000042129 887__ $$ahttp://purl.umn.edu/42129
000042129 909CO $$ooai:ageconsearch.umn.edu:42129$$pGLOBAL_SET
000042129 912__ $$nSubmitted by Peg Cialek (margaret@resecon.umass.edu) on 2008-07-25T17:04:36Z
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  Previous issue date: 2008-07
000042129 982__ $$gUniversity of Massachusetts, Amherst>Department of Resource Economics>Working Paper Series
000042129 980__ $$a1669