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- W2667221551 abstract "The problems linked to externalities are also usually linked to the absence of an adequate definition of property rights. The simplest tool is indeed the introduction of norms, but the State has other more efficient instruments which consist in reintroducing the logic of the market. On the contrary, the relative benefits of price regulation through tax, or quantity regulations through a system of trading of rights, depend on the type of pollution under consideration. The paper reviews the current state of the market for emission rights within the framework of the Kyoto protocol and of the European directive with respect to economic prescriptions." @default.
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- W2667221551 date "2008-01-01" @default.
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- W2667221551 title "The Market and the Law: The Economic Logic of Environmental Law" @default.
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