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- W2046335280 abstract "This paper is concerned with pollution control when the regulators are uncertain about firms' cleanup costs. Under these circumstances, the regulatory authority can reduce expected total social costs (consisting of damages from pollution and cleanup costs) below the levels achievable with either effluent fees or licenses. The reduction is achieved by the use of licenses supplemented by an effluent subsidy and a finite penalty, when effluents are below or above the levels permitted by licenses. The mixed system retains the property of efficiently distributing cleanup among firms." @default.
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- W2046335280 title "Effluent charges and licenses under uncertainty" @default.
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- W2046335280 doi "https://doi.org/10.1016/0047-2727(76)90014-1" @default.
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