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Medientyp:
E-Artikel
Titel:
When Should Uncertain Nonpoint Emissions Be Penalized in a Trading Program?
Beteiligte:
Hennessy, David A.;
Feng, Hongli
Erschienen:
Wiley, 2008
Erschienen in:
American Journal of Agricultural Economics, 90 (2008) 1, Seite 249-255
Sprache:
Englisch
DOI:
10.1111/j.1467-8276.2007.01043.x
ISSN:
0002-9092;
1467-8276
Entstehung:
Anmerkungen:
Beschreibung:
<jats:title>Abstract</jats:title><jats:p>When nonpoint source pollution is stochastic and the damage function is convex, intuition might suggest it is more important to control a nonpoint pollution source than a point source. Earlier research has provided sufficient conditions such that the permit price for a unit of ex‐ante expected emissions should be higher than the permit price for a unit of certain emissions. Herein we provide a set of necessary and sufficient conditions such that this is the case. An approach to testing for the validity of the condition set is available, and has been applied to a related problem.</jats:p>