This paper investigates the price vs quantity choice (taxes vs quotas) for multiple stock pollutants that can accumulate over time and interact mutually into abatement costs or environmental damages, when firms have private information. The analytic condition for favoring quotas over taxes was...

The rapid growth of ASEAN economies, the People's Republic of China and India (called ACI henceforth) - major drivers of Asia and the world economy - during the last five decades has caused significant strains on their scarce resources, particularly energy and contributed to serious problems of...