Copeland, Brian Richard (contributor); … - 2003 - [Elektronische Ressource], rev
to its first best level may be less than the fixed
regulatory cost C
R
, in which case it is not worth setting up a … regulatory system. With no system
in place, pollution rises lock-step with output.
20
Both threshold theories need two further … income is
greater than one, and hence there will be a critical income level at which it is worth setting up a
regulatory …