Prices vs. Quantities

Weitzman, M. (1974). Prices vs. Quantities.

Type

Journal article

Intellectual base

Primary research

Year

1974

Link

https://doi.org/10.2307/2296698verified

Cited by

1 citation across 1 artifact.

Mechanisms

• Tradable Permit System
  • This is the tool to reach for when the environmental constraint is a genuine ceiling — a total load the system can absorb, a stock that must not be crossed — because the cap guarantees the aggregate outcome while the trading lets reductions happen wherever they are cheapest.

Verification

This reference passed the adversarial substantiation pipeline: it was checked to exist and to support the claim it is attached to. See how references were verified.

Registry ID ref:1b3c4557c235 · see in the full table