Abstract
Economists have long believed that the internalization of environmental externalities is a positive and effective policy prescription for managing these problems. Although internalization can be accomplished through a wide array of policy instruments,2 economists have preferred the use of economic incentives. Most frequently these prescriptions have taken the form of charges or fees for emissions, in essence a special corrective tax.
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Dudek, D.J. (1991). Integrating Energy and The Environment in The Marketplace. In: Hohmeyer, O., Ottinger, R.L. (eds) External Environmental Costs of Electric Power. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-76712-8_10
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DOI: https://doi.org/10.1007/978-3-642-76712-8_10
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