Prices vs. quantities in a dynamic problem: Externalities from resource extraction
Author
Abstract
Suggested Citation
DOI: 10.1016/j.reseneeco.2011.06.001
Download full text from publisher
As the access to this document is restricted, you may want to search for a different version of it.
References listed on IDEAS
- Martin L. Weitzman, 1974.
"Prices vs. Quantities,"
The Review of Economic Studies, Review of Economic Studies Ltd, vol. 41(4), pages 477-491.
- M. L. Weitzman, 1973. "Prices vs. Quantities," Working papers 106, Massachusetts Institute of Technology (MIT), Department of Economics.
- Weitzman, Martin L., 2002. "Landing Fees vs Harvest Quotas with Uncertain Fish Stocks," Journal of Environmental Economics and Management, Elsevier, vol. 43(2), pages 325-338, March.
- Long, Ngo Van & Sinn, Hans-Werner, 1985. "Surprise Price Shifts, Tax Changes and the Supply Behaviour of Resource Extracting Firms," Australian Economic Papers, Wiley Blackwell, vol. 24(45), pages 278-289, December.
- Richard Newell & William Pizer & Jiangfeng Zhang, 2005.
"Managing Permit Markets to Stabilize Prices,"
Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 31(2), pages 133-157, June.
- Pizer, William & Newell, Richard & Zhang, Jiangfeng, 2003. "Managing Permit Markets to Stabilize Prices," RFF Working Paper Series dp-03-34, Resources for the Future.
- Newell, Richard G. & Pizer, William A. & Zhang, Jiangfeng, 2003. "Managing Permit Markets to Stabilize Prices," Discussion Papers 10524, Resources for the Future.
- Lars E. O. Svensson, 2003.
"What Is Wrong with Taylor Rules? Using Judgment in Monetary Policy through Targeting Rules,"
Journal of Economic Literature, American Economic Association, vol. 41(2), pages 426-477, June.
- Lars E.O. Svensson, 2002. "What Is Wrong with Taylor Rules? Using Judgment in Monetary Policy through Targeting Rules," Working Papers 118, Princeton University, Department of Economics, Center for Economic Policy Studies..
- Lars E. O. Svensson, 2003. "What is Wrong with Taylor Rules? Using Judgment in Monetary Policy through Targeting Rules," NBER Working Papers 9421, National Bureau of Economic Research, Inc.
- Newell, Richard G. & Pizer, William A., 2003.
"Regulating stock externalities under uncertainty,"
Journal of Environmental Economics and Management, Elsevier, vol. 45(2, Supple), pages 416-432, March.
- Pizer, William & Newell, Richard, 1998. "Regulating Stock Externalities Under Uncertainty," RFF Working Paper Series dp-99-10-rev, Resources for the Future.
- Newell, Richard G. & Pizer, William A., 2000. "Regulating Stock Externalities Under Uncertainty," Discussion Papers 10471, Resources for the Future.
- Coria, Jessica, 2009.
"Taxes, permits, and the diffusion of a new technology,"
Resource and Energy Economics, Elsevier, vol. 31(4), pages 249-271, November.
- Coria, Jessica, 2008. "Taxes, Permits, and the Diffusions of a New Technology," RFF Working Paper Series dp-08-26-efd, Resources for the Future.
- Farzin, Y. H., 1996. "Optimal pricing of environmental and natural resource use with stock externalities," Journal of Public Economics, Elsevier, vol. 62(1-2), pages 31-57, October.
- Hoel, Michael & Karp, Larry, 2002.
"Taxes versus quotas for a stock pollutant,"
Resource and Energy Economics, Elsevier, vol. 24(4), pages 367-384, November.
- Hoel, Michael & Karp, Larry, 2001. "Taxes versus Quotas for a Stock Pollutant," Department of Agricultural & Resource Economics, UC Berkeley, Working Paper Series qt5fx9p7kf, Department of Agricultural & Resource Economics, UC Berkeley.
- Hoel, Michael & Karp, Larry S., 2001. "Taxes Versus Quotas for a Stock Pollutant," CUDARE Working Papers 25010, University of California, Berkeley, Department of Agricultural and Resource Economics.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Doda, Baran & Quemin, Simon & Taschini, Luca, 2019.
"Linking permit markets multilaterally,"
Journal of Environmental Economics and Management, Elsevier, vol. 98(C).
- Baran Doda & Simon Quemin, 2018. "Linking Permit Markets Multilaterally," Working Papers 1804, Chaire Economie du climat.
- Baran Doda & Simon Quemin & Luca Taschini, 2019. "Linking Permit Markets Multilaterally," Working Papers 2019.17, FAERE - French Association of Environmental and Resource Economists.
- Doda, Baran & Quemin, Simon & Taschini, Luca, 2019. "Linking permit markets multilaterally," LSE Research Online Documents on Economics 101670, London School of Economics and Political Science, LSE Library.
- Wang, Banban & Pizer, William A. & Munnings, Clayton, 2022.
"Price limits in a tradable performance standard,"
Journal of Environmental Economics and Management, Elsevier, vol. 116(C).
- Banban Wang & William A. Pizer & Clayton Munnings, 2021. "Price Limits in a Tradable Performance Standard," NBER Working Papers 28368, National Bureau of Economic Research, Inc.
- Pizer, William & Wang, Banban & Munnings, Clayton, 2021. "Price Limits in a Tradable Performance Standard," RFF Working Paper Series 21-05, Resources for the Future.
- Hansen, Lars Gårn & Jensen, Frank, 2017. "Regulating fisheries under uncertainty," Resource and Energy Economics, Elsevier, vol. 50(C), pages 164-177.
- Fell, Harrison & MacKenzie, Ian A. & Pizer, William A., 2012.
"Prices versus quantities versus bankable quantities,"
Resource and Energy Economics, Elsevier, vol. 34(4), pages 607-623.
- Fell, Harrison & MacKenzie, Ian A. & Pizer, William A., 2008. "Prices versus Quantities versus Bankable Quantities," RFF Working Paper Series dp-08-32, Resources for the Future.
- Harrison Fell & Ian A. MacKenzie & William A. Pizer, 2012. "Prices versus Quantities versus Bankable Quantities," NBER Working Papers 17878, National Bureau of Economic Research, Inc.
- Reyer Gerlagh & Roweno J.R.K. Wan, 2018. "Optimal Stabilization in an Emission Permits Market," CESifo Working Paper Series 6950, CESifo.
- Burtraw, Dallas & Holt, Charles & Palmer, Karen & Paul, Anthony & Shobe, William, 2018. "Quantities with Prices," RFF Working Paper Series 18-08, Resources for the Future.
- Lintunen, Jussi & Kuusela, Olli-Pekka, 2018. "Business cycles and emission trading with banking," European Economic Review, Elsevier, vol. 101(C), pages 397-417.
- Joseph E. Aldy & Alan J. Krupnick & Richard G. Newell & Ian W. H. Parry & William A. Pizer, 2010.
"Designing Climate Mitigation Policy,"
Journal of Economic Literature, American Economic Association, vol. 48(4), pages 903-934, December.
- Aldy, Joseph E. & Krupnick, Alan J. & Newell, Richard G. & Parry, Ian W.H. & Pizer, William A., 2009. "Designing Climate Mitigation Policy," RFF Working Paper Series dp-08-16, Resources for the Future.
- Joseph E. Aldy & Alan J. Krupnick & Richard G. Newell & Ian W.H. Parry & William A. Pizer, 2009. "Designing Climate Mitigation Policy," NBER Working Papers 15022, National Bureau of Economic Research, Inc.
- Reyer Gerlagh & Roweno J.R.K. Heijmans, 2018. "Regulating Stock Externalities," CESifo Working Paper Series 7383, CESifo.
- Jacob LaRiviere & David Kling & James N Sanchirico & Charles Sims & Michael Springborn, 2018. "The Treatment of Uncertainty and Learning in the Economics of Natural Resource and Environmental Management," Review of Environmental Economics and Policy, Association of Environmental and Resource Economists, vol. 12(1), pages 92-112.
- Jussi Lintunen & Olli-Pekka Kuusela, 2015. "Optimal Management of Markets for Bankable Emission PermitsOptimal Management of Markets for Bankable Emission Permits," Working Papers 2015.48, Fondazione Eni Enrico Mattei.
- Newell, Richard G. & Pizer, William A., 2008.
"Indexed regulation,"
Journal of Environmental Economics and Management, Elsevier, vol. 56(3), pages 221-233, November.
- Newell, Richard G. & Pizer, William A., 2006. "Indexed Regulation," RFF Working Paper Series dp-06-32, Resources for the Future.
- Richard G. Newell & William A. Pizer, 2008. "Indexed Regulation," NBER Working Papers 13991, National Bureau of Economic Research, Inc.
- Brian C. Murray & Richard G. Newell & William A. Pizer, 2009.
"Balancing Cost and Emissions Certainty: An Allowance Reserve for Cap-and-Trade,"
Review of Environmental Economics and Policy, Association of Environmental and Resource Economists, vol. 3(1), pages 84-103, Winter.
- Brian C. Murray & Richard G. Newell & William A. Pizer, 2008. "Balancing Cost and Emissions Certainty: An Allowance Reserve for Cap-and-Trade," NBER Working Papers 14258, National Bureau of Economic Research, Inc.
- Murray, Brian C. & Newell, Richard G. & Pizer, William A., 2008. "Balancing Cost and Emissions Certainty: An Allowance Reserve for Cap-and-Trade," RFF Working Paper Series dp-08-24, Resources for the Future.
- Martin L. Weitzman, 2020. "Prices or Quantities Can Dominate Banking and Borrowing," Scandinavian Journal of Economics, Wiley Blackwell, vol. 122(2), pages 437-463, April.
- Kolstad, Charles D. & Toman, Michael, 2005.
"The Economics of Climate Policy,"
Handbook of Environmental Economics, in: K. G. Mäler & J. R. Vincent (ed.), Handbook of Environmental Economics, edition 1, volume 3, chapter 30, pages 1561-1618,
Elsevier.
- Toman, Michael & Kolstad, Charles, 2000. "The Economics of Climate Policy," RFF Working Paper Series dp-00-40, Resources for the Future.
- Kolstad, Charles D. & Toman, Michael, 2001. "The Economics of Climate Policy," Discussion Papers 10783, Resources for the Future.
- Harrison Fell & Richard Morgenstern, 2010.
"Alternative Approaches to Cost Containment in a Cap-and-Trade System,"
Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 47(2), pages 275-297, October.
- Fell, Harrison & Morgenstern, Richard, 2009. "Alternative Approaches to Cost Containment in a Cap-and-Trade System," RFF Working Paper Series dp-09-14, Resources for the Future.
- Fischer, Carolyn & Laxminarayan, Ramanan, 2010. "Managing partially protected resources under uncertainty," Journal of Environmental Economics and Management, Elsevier, vol. 59(2), pages 129-141, March.
- Fankhauser, Samuel & Hepburn, Cameron, 2010.
"Designing carbon markets. Part I: Carbon markets in time,"
Energy Policy, Elsevier, vol. 38(8), pages 4363-4370, August.
- Fankhauser, Samuel & Hepburn, Cameron, 2010. "Designing carbon markets, part I: carbon markets in time," LSE Research Online Documents on Economics 28832, London School of Economics and Political Science, LSE Library.
- Sam Fankhauser & Cameron Hepburn, 2009.
"Carbon markets in space and time,"
GRI Working Papers
3, Grantham Research Institute on Climate Change and the Environment.
- Fankhauser, Samuel & Hepburn, Cameron, 2009. "Carbon markets in space and time," LSE Research Online Documents on Economics 37606, London School of Economics and Political Science, LSE Library.
- Xiang-Yu Wang & Bao-Jun Tang, 2018. "Review of comparative studies on market mechanisms for carbon emission reduction: a bibliometric analysis," Natural Hazards: Journal of the International Society for the Prevention and Mitigation of Natural Hazards, Springer;International Society for the Prevention and Mitigation of Natural Hazards, vol. 94(3), pages 1141-1162, December.
More about this item
Keywords
Environmental policy; Resource policy; Choice of instruments; Asymmetric information; Non-renewable resources; Prices vs. quantities; Taxes; Permits; Uncertainty;All these keywords.
JEL classification:
- D92 - Microeconomics - - Micro-Based Behavioral Economics - - - Intertemporal Firm Choice, Investment, Capacity, and Financing
- H23 - Public Economics - - Taxation, Subsidies, and Revenue - - - Externalities; Redistributive Effects; Environmental Taxes and Subsidies
- L50 - Industrial Organization - - Regulation and Industrial Policy - - - General
- Q38 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation - - - Government Policy (includes OPEC Policy)
- Q58 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environmental Economics: Government Policy
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:resene:v:33:y:2011:i:4:p:843-854. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/inca/505569 .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.