Cochard, Francois; Ziegelmeyer, Anthony; Boun My, Kene - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2004
We provide a stress experimental test of the ability of (a damaged based version) the ambient tax mechanism to induce socially optimal outcomes in a non-point pollution context. To mirror the features of naturally occurring environments, we consider a convex damage function, uncertainty in...