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Prices versus Quantities with Morally Concerned Consumers

Author

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  • Schmidt, Klaus M.

    (LMU Munich)

  • Herweg, Fabian

    (University of Bayreuth)

Abstract

It is widely believed that an environmental tax (price regulation) and cap-and-trade (quantity regulation) are equally e

Suggested Citation

  • Schmidt, Klaus M. & Herweg, Fabian, 2021. "Prices versus Quantities with Morally Concerned Consumers," Rationality and Competition Discussion Paper Series 272, CRC TRR 190 Rationality and Competition.
    • Handle: RePEc:rco:dpaper:272
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    References listed on IDEAS

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    Cited by:

    1. Ambec, Stefan & De Donder, Philippe, 2022. "Environmental policy with green consumerism," Journal of Environmental Economics and Management, Elsevier, vol. 111(C).
    2. Mathias Dewatripont & Jean Tirole, 2022. "The Morality of Markets," Working Papers ECARES 2022-35, ULB -- Universite Libre de Bruxelles.
    3. Moisson, Paul-Henri, 2024. "Social Responsibility, Consequentialism and Public Policy," TSE Working Papers 24-1521, Toulouse School of Economics (TSE).

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    More about this item

    Keywords

    emissions trading; carbon tax; climate change; prices versus quantities; behavioral industrial organization;
    All these keywords.

    JEL classification:

    • D62 - Microeconomics - - Welfare Economics - - - Externalities
    • H23 - Public Economics - - Taxation, Subsidies, and Revenue - - - Externalities; Redistributive Effects; Environmental Taxes and Subsidies
    • Q52 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Pollution Control Adoption and Costs; Distributional Effects; Employment Effects
    • Q58 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environmental Economics: Government Policy

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