DOUBLE DIPPING IN POLLUTION MARKETS
Richard Woodward and
No 20323, 2004 Annual meeting, August 1-4, Denver, CO from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)
We explore the efficiency of allowing participants in transferable-rights programs to sell credits in multiple markets, i.e., to double dip. In a first-best economy double-dipping is efficient, but if the cap is set suboptimally, then the answer depends on the relative slopes of the marginal benefit and marginal cost curves.
Keywords: Environmental; Economics; and; Policy (search for similar items in EconPapers)
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