The Song Remains Not the Same: Correlated Intercept and Slope Uncertainties Matter to Prices versus Quantities

Autor: James S. Shortle, Richard D. Horan
Rok vydání: 2021
Předmět:
Zdroj: Journal of the Association of Environmental and Resource Economists. 8:691-719
ISSN: 2333-5963
2333-5955
Popis: Weitzman’s “relative slope rule” (RSR) is a rule of thumb for determining the relative efficiency of quantity versus price instruments to regulate firms under asymmetric information. This r...
Databáze: OpenAIRE