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  3. American Economic Review
  4. February 2012
  5. Efficient Pollution Regulation: Getting the Prices Right: Reply

American Economic Review

ISSN 0002-8282 (Print) | ISSN 1944-7981 (Online)

Efficient Pollution Regulation: Getting the Prices Right: Reply

  • Nicholas Z. Muller
  • Robert Mendelsohn
American Economic Review
vol. 102, no. 1, February 2012
(pp. 608–12)
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Abstract

Fraas and Lutter raise two important points in their comment on Muller and Mendelsohn (2009): How to design policies for sources that yield negative marginal damages? How does statistical uncertainty in the marginal damages affect the trading ratios across emitters? We address both issues in this response. (JEL H53, Q53, Q58)

Citation

Muller, Nicholas Z., and Robert Mendelsohn. 2012. "Efficient Pollution Regulation: Getting the Prices Right: Reply." American Economic Review, 102 (1): 608–12. DOI: 10.1257/aer.102.1.608

Additional Materials

JEL Classification

  • H53 National Government Expenditures and Welfare Programs
  • Q53 Air Pollution; Water Pollution; Noise; Hazardous Waste; Solid Waste; Recycling
  • Q58 Environmental Economics: Government Policy