Horan, Richard; Shortle, James; Abler, David - In: Environmental & Resource Economics 21 (2002) 2, pp. 189-202
We consider the design of ambient taxes forrisk-neutral and risk-averse polluters whenpolluters and the regulatory agency haveasymmetric information about environmentalrelationships and probabilities associatedwith random events. Unlike prior work, we showthat under these conditions, optimal...