Adverse Selection as a Policy Instrument: Unraveling Climate Change
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We propose a new policy instrument that leverages adverse selection when Pigouvian policies are infeasible or undesirable. Our policy gives firms the option to pay a tax on their voluntarily disclosed emissions, or an output tax based on the average emissions among undisclosed firms. We derive
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美国国家经济研究局创建时间：
2022-07-01
