Title of article
Pollution control by options trading
Author/Authors
Unold، Wolfram نويسنده , , Requate، Till نويسنده ,
Issue Information
روزنامه با شماره پیاپی سال 2001
Pages
-352
From page
353
To page
0
Abstract
For pollution control with imperfect information about aggregate abatement costs we propose a combination consisting of free permits and a menu of call options for additional permits with different striking prices. By appropriately choosing permits and corresponding striking prices the regulator can approximate the marginal damage function arbitrarily well.
Keywords
Spurious causality , Granger causality , Non-stationary time series
Journal title
Economics Letters
Serial Year
2001
Journal title
Economics Letters
Record number
21823
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