Journal article
Regulation by Prices, Quantities, or Both: A Review of Instrument Choice.
- Abstract:
-
Choosing appropriate policy instruments is an important part of successful regulation. Once objectives are agreed and suitable targets adopted, policy-makers can employ command-and-control regulation and/or economic instruments, and choose between fixing a price or a quantity. This paper examines the relative advantages of price, quantity, and hybrid instruments according to: their efficiency under uncertainty; the trade-off between credible commitment and flexibility; implementation; interna...
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Bibliographic Details
- Journal:
- Oxford Review of Economic Policy
- Volume:
- 22
- Publication date:
- 2006-01-01
- ISSN:
-
0266-903X
Item Description
- UUID:
-
uuid:c420462c-a15e-4927-a513-848c94763fff
- Local pid:
- oai:economics.ouls.ox.ac.uk:12828
- Deposit date:
- 2011-08-15
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- Copyright date:
- 2006
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