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The Use and Misuse of Average and Marginal Energy Prices: Implications for Climate Policy

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NBER2026-07-01 更新2026-07-15 收录
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Many governments and institutions use marginal price signals, such as fuel and carbon taxes, to meet emission reduction targets. However, the responses of firms and individuals to these price signals are often calculated using average prices commonly reported in economic data, rather than marginal

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2026-07-01
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