Browsing Økonomisk institutt by Author "Fehr, Nils-Henrik Mørch von der"
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Baldursson, Fridrik M; Fehr, Nils-Henrik Mørch von der (Working paper / Arbeidsnotat, 2002)We explore the efficacy of price and quantity controls as environmental policy instruments in a stochastic setting in which agents are risk averse. We demonstrate that the assumption of risk aversion may improve the ...