The Informational Role of Emission Markets: Prices vs Quantities with Dispersed Information About Externalities
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下载链接：
https://www.nber.org/papers/w34738
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资源简介：
I study asymmetric information about the social cost of an externality, as opposed to asymmetric information about private costs of abatement. I show that quantity regulation with bankable permits has an informational advantage because the permit market aggregates dispersed information about social
提供机构：
美国国家经济研究局
创建时间：
2026-01-01
