Environmental externalities : regional policy and uncertainty

BAUMOL and OATES [1975] emphasized that negative externalities can induce a breakdown in the conventional convexity assumptions implying that efficiency price loses its normative usefulness as an incentive for the attainment of a social optimum through decentralized market processes.These authors sh...

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Bibliographic Details
Main Author: Martins, Manuel Victor (author)
Other Authors: Santos, Vítor M. (author)
Format: workingPaper
Language:por
Published: 2021
Subjects:
Online Access:http://hdl.handle.net/10400.5/22633
Country:Portugal
Oai:oai:www.repository.utl.pt:10400.5/22633