Taxes and Tradable Permits As Instruments for Controlling Pollution : Theory and Practice /

This paper examines the relative merits of two dominant economic instruments for reducing pollution-'green' taxes and tradable permits. Theoretically, the two instruments share many similarities, and on balance, neither seems preferable to the other. In practice, however, most countries ha...

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Bibliographic Details
Main Author: Norregaard, John
Other Authors: Reppelin, Valerie
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 2000.
Series:IMF Working Papers; Working Paper ; No. 2000/013
Online Access:Full text available on IMF