Dietz, Jürgen (contributor); Michaelis, Peter (contributor) - 2004 - [Elektronische Ressource]
abatement cost associated with incre-
mental reductions in E are given by MC
1
(E). Without environmental regulation the firm … marginal cost:
]y[
1
00]y[c
1
>′ ]y[c
1
>′′
]
vy−ε=
v[c
2
0]v[c
2
>′ and c . Without
any environmental regulation the firm …
makes sense if the regulation under consideration actually has an impact on emissions (i.e.,
ε<ε or t>0, respectively …