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- Title
On the flexibility of optimal policies for green design
- Authors
Fraser, Iain; Choe, Chongwoo
- Abstract
Several recent papers show that different combinations of taxes and subsidies can achieve the social optimum for green design and household waste management when there are various market failures. This noteshows that such policy flexibility exists only if all relevant actions by individual agents can be properly targeted by economic instruments. If the household can make a private effort to reduce waste, thenan optimal policy is shown to be a unique combination of given economic instruments.
- Subjects
MUNICIPAL solid waste incinerator residues; ECONOMICS; MATHEMATICAL analysis; MATHEMATICAL models; WASTE management
- Publication
Environmental & Resource Economics, 2001, Vol 18, Issue 4, p367
- ISSN
0924-6460
- Publication type
Article