In comparing second-best prices and quantities, studies assume that quantities bind with probability one. We present a more general and realistic model of second-best regulation where quantity instruments can bind with probability less than one. This additional flexibility of quantity instruments makes them much more efficient than previously realized
Regulating international externalities, like climate change, raises various enforcement problems. It...
We study the optimal self-enforcing agreement based on quantity mandates and price instruments in a ...
By enlarging the parameter space originally considered by Singh and Vives (1984) to allow for a wide...
In comparing second-best prices and quantities, studies assume that quantities bind with probability...
It is well-known that price- and quantity-based regulation approaches provide different investment i...
Choosing appropriate policy instruments is an important part of successful regulation. Once objectiv...
Choosing appropriate policy instruments is an important part of successful regulation. Once objectiv...
Authorities often lack information for efficient regulation of the commons. This paper derives a cri...
This paper takes on the issue of ‘Prices vs. Quantities’, see Weitzman (1974), applied to environmen...
This paper examines the linking of price-based and quantity-based provision of a public good by two ...
Recent literature showed that the choice between a price or quantity control depends, in part, on th...
We study a situation in which two goods jointly generate an externality but onlyone of them is regul...
This paper examines the linking of price-based and quantity-based provision of a public good by two...
Regulation regimes subject to influence of interest groups are compared. It is shown that allocation...
We study the optimal self-enforcing agreement based on quantity mandates and price instruments in a ...
Regulating international externalities, like climate change, raises various enforcement problems. It...
We study the optimal self-enforcing agreement based on quantity mandates and price instruments in a ...
By enlarging the parameter space originally considered by Singh and Vives (1984) to allow for a wide...
In comparing second-best prices and quantities, studies assume that quantities bind with probability...
It is well-known that price- and quantity-based regulation approaches provide different investment i...
Choosing appropriate policy instruments is an important part of successful regulation. Once objectiv...
Choosing appropriate policy instruments is an important part of successful regulation. Once objectiv...
Authorities often lack information for efficient regulation of the commons. This paper derives a cri...
This paper takes on the issue of ‘Prices vs. Quantities’, see Weitzman (1974), applied to environmen...
This paper examines the linking of price-based and quantity-based provision of a public good by two ...
Recent literature showed that the choice between a price or quantity control depends, in part, on th...
We study a situation in which two goods jointly generate an externality but onlyone of them is regul...
This paper examines the linking of price-based and quantity-based provision of a public good by two...
Regulation regimes subject to influence of interest groups are compared. It is shown that allocation...
We study the optimal self-enforcing agreement based on quantity mandates and price instruments in a ...
Regulating international externalities, like climate change, raises various enforcement problems. It...
We study the optimal self-enforcing agreement based on quantity mandates and price instruments in a ...
By enlarging the parameter space originally considered by Singh and Vives (1984) to allow for a wide...
DOI
Add to ORKG