Sinclair-Desgagné, Bernard; David, Maia - Fondazione ENI Enrico Mattei (FEEM) - 2005
This paper re-examines environmental regulation, under the assumption that pollution abatement technologies and … implies that the optimal pollution tax will be higher than the marginal social cost of pollution, while a voluntary approach … to pollution abatement may fail unless the eco-industry itself is willing to participate. …