This paper analyzes the dynamic effects of rate-of-return regulation on firms'emissions compliance behavior when the …-of-return regulation. A wider variation in the permit price and a decline in the regulated rate of return would amplify the asymmetry …

This paper analyzes the dynamic effects of rate-of-return regulation on firms? emissions compliance behavior when the …-of-return regulation. A wider variation in the permit price and a decline in the regulated rate of return would amplify the asymmetry …

In their recent paper, Efficient Pollution Regulation: Getting the Prices Right (henceforth, EPR), Muller and … pollution regulation …