Prices versus quantities

By Marc Germain, Alphonse Ph. Magnus. 2005

165 citations recorded by the source corpus.

Subfields: Economics and Econometrics, Finance

View Paper: https://www.semanticscholar.org/paper/5750e24e83eefdb6c1fc3a075710e534ab45fa56

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Economics and Econometrics

1. Susan M. Grant-Muller
2. Menghan Xu
3. Garth Heutel
4. Baran Doda
5. C. Fischer

In Finance

1. Garth Heutel

Citations in the corpus

• The Role of Tradable Credit Schemes in Road Traffic Congestion Management (2014, background): “Likely Impacts According to Weitzman (1974), under perfect information a system of Pigouvian taxes and a system of tradable credits are equivalent and yield the same efficient outcome.”
• Why Economic Analysis Supports Strong Action on Climate Change: A Response to the Stern Review's Critics (2008, unknown): “Weitzman (2007) presents an alternative thought experiment that leads to essentially the same conclusion.”
• Regulation with Anticipated Learning about Environmental Damages (2006, unknown): “In the static linear-quadratic problem (where damages are associated with the flow rather than the stock of pollution), taxes are preferred to quotas if and only if the slope of marginal abatement cost exceeds the expected slope of marginal damages [26].”
• How should environmental policy respond to business cycles? Optimal policy under persistent productivity shocks (2011, background): “Most of what we know already about how policy should respond to productivity shocks comes from studies that focus on optimal policy under information asymmetry over abatement costs; this includes Weitzman (1974) and its many extensions.”
• Carbon Tax or Carbon Permits: The Impact on Generators’ Risks (2008, unknown): “Weitzman (1974) shows that if the marginal damage from pollution and the marginal cost of avoiding it are uncertain, the optimal economic choice between the two systems depends on the relative slopes of the functions relating marginal damage and cost to the level of pollution.”