An Optimal Tax/Subsidy for Output and Pollution Control under Asymmetric Information in Oligopoly Markets

Jae-Cheol Kim and Ki-Bok Chang

Journal of Regulatory Economics, 1993, vol. 5, issue 2, 183-97

Abstract: This paper constructs an optimal incentive tax/subsidy scheme in an oligopoly market with pollution, as a generalization of the Loeb-Magat scheme, which is nondiscriminatory and requires less information for implementation than the conventional ones. Some interesting properties of the scheme are discussed. Copyright 1993 by Kluwer Academic Publishers

Date: 1993
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Persistent link: https://EconPapers.repec.org/RePEc:kap:regeco:v:5:y:1993:i:2:p:183-97

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