The Quasi-Optimal Price of Undepletable Externalities: Comment

T.H. Tietenberg

Bell Journal of Economics, 1978, vol. 9, issue 1, 287-291

Abstract: In a recent article in this journal Hamlen (1977) extends the Baumol-Oates result that an emission fee which achieves a given level of an undepletable externality does so at minimum cost to society. He also suggests a procedure for empirically deriving the value of this fee.

Date: 1978
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