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Can they sort it out themselves? Regulating externalities between Coase and Pigou

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  • Heyen, Daniel
  • Weinschenk, Philipp

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  • Heyen, Daniel & Weinschenk, Philipp, 2023. "Can they sort it out themselves? Regulating externalities between Coase and Pigou," VfS Annual Conference 2023 (Regensburg): Growth and the "sociale Frage" 277647, Verein für Socialpolitik / German Economic Association.
    • Handle: RePEc:zbw:vfsc23:277647
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    References listed on IDEAS

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    1. Krutilla, Kerry & Krause, Rachel, 2011. "Transaction Costs and Environmental Policy: An Assessment Framework and Literature Review," International Review of Environmental and Resource Economics, now publishers, vol. 4(3–4), pages 261-354, April.
    2. H. Spencer Banzhaf & Timothy Fitzgerald & Kurt Schnier, 2013. "Nonregulatory Approaches to the Environment: Coasean and Pigouvian Perspectives," Review of Environmental Economics and Policy, Association of Environmental and Resource Economists, vol. 7(2), pages 238-258, July.
    3. Gary D. Libecap, 2014. "Addressing Global Environmental Externalities: Transaction Costs Considerations," Journal of Economic Literature, American Economic Association, vol. 52(2), pages 424-479, June.
    4. Christopher Costello & Matthew Kotchen, 2022. "Policy Instrument Choice with Coasean Provision of Public Goods," Journal of the Association of Environmental and Resource Economists, University of Chicago Press, vol. 9(5), pages 947-980.
    5. Joseph E. Aldy & Sarah Armitage, 2022. "The Welfare Implications of Carbon Price Certainty," Journal of the Association of Environmental and Resource Economists, University of Chicago Press, vol. 9(5), pages 921-946.
    6. Joseph E. Aldy & Sarah C. Armitage, 2022. "The Welfare Implications of Carbon Price Certainty," NBER Working Papers 30043, National Bureau of Economic Research, Inc.
    7. Robert N. Stavins, 2022. "The Relative Merits of Carbon Pricing Instruments: Taxes versus Trading," Review of Environmental Economics and Policy, University of Chicago Press, vol. 16(1), pages 62-82.
    8. MacKenzie, Ian A. & Ohndorf, Markus, 2016. "Coasean bargaining in the presence of Pigouvian taxation," Journal of Environmental Economics and Management, Elsevier, vol. 75(C), pages 1-11.
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    More about this item

    JEL classification:

    • D23 - Microeconomics - - Production and Organizations - - - Organizational Behavior; Transaction Costs; Property Rights
    • D62 - Microeconomics - - Welfare Economics - - - Externalities
    • D82 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Asymmetric and Private Information; Mechanism Design
    • H23 - Public Economics - - Taxation, Subsidies, and Revenue - - - Externalities; Redistributive Effects; Environmental Taxes and Subsidies

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