Self-financing environmental mechanisms

We explore the design of self-financing tax/subsidy mechanisms to solve hold-up problems in environmental regulation. Under Cournot competition, announcing the subsidy rate seems to be preferable to announcing the tax rate. Moreover, for constant marginal damage the hold-up problem can always be sol...

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Bibliographic Details

Main Authors:	Breitscheidel, Jörg (Author) , Gersbach, Hans (Author)
Format:	Book/Monograph Working Paper
Language:	English
Published:	Munich Univ., Center for Economic Studies [u.a.] 2005
Series:	CESifo working paper series Resources and environment 1528
In:	CESifo working papers (1528)
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Author Notes:	Joerg Breitscheidel; Hans Gersbach