Pezzey, John C.V2003-10-232004-05-192011-01-052004-05-192011-01-0520020924-6460http://hdl.handle.net/1885/41018http://digitalcollections.anu.edu.au/handle/1885/41018We compare three different views on the long run efficiencies of emission taxes which include thresholds, and of tradable emission permits where some permits are initially free. The differences are caused by different assumptions about whether thresholds and free permitsshould be subsidies given only to firms that produce, or full property rights. Treating tax thresholds, as well as free permits, as property rightswould depart from the conventional view, but would allow greater flexibility in making economic instruments both efficient and acceptable. Such flexibility could be very important in achieving efficent control of greenhouse gas emissions.50883 bytes352 bytesapplication/pdfapplication/octet-streamen-AUemission taxestradable permitsefficiencyGHGgreenhouse gas10.1023/A:10263930284732015-12-11