← Search

Efficient Pollution Regulation: Getting the Prices Right: Reply

Nicholas Z. Muller¹; Robert Mendelsohn²

¹ Department of Economics, Environmental Studies Program, Middlebury College, 303 College Street, Middlebury, VT 05753. · ² School of Forestry and Environmental Studies, Yale University, 195 Prospect Street, New Haven, CT 06511.

Fraas and Lutter raise two important points in their comment on Muller and Mendelsohn (2009): How to design policies for sources that yield negative marginal damages? How does statistical uncertainty in the marginal damages affect the trading ratios across emitters? We address both issues in this response. JEL: H53, Q53, Q58

DOI

10.1257/aer.102.1.608

Volume

102 (1)

Pages

608-612

Language

en

Export

BibTeX

Sources

openalex crossref