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It is generally accepted that decentralized policy choice in the presence of interjurisdictional spillovers is inefficient. Strikingly, Ogawa and Wildasin (2009) find that in a model with heterogenous jurisdictions, interjurisdictional capital flows, and interjurisdictional environmental damage...
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This paper examines least-cost policies for waste reduction, incorporating upstream greenhouse gas externalities associated with the production of consumption goods from various materials. In particular, we decompose the effect of deposit/refund, advance disposal fees, and recycling subsidies on...
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