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Prices versus Quantities: what is the discussion really about?
Lars Gårn Hansen
,
Frank Jensen
Section for Environment and Natural Resources
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Business & Economics
Costs
7%
Ecological Function
34%
Fees
43%
Fisheries
100%
Harvest
63%
Individual Transferable Quota (ITQ)
27%
Marginal Cost
36%
Noncompliance
43%
Price Regulation
23%
Profit
10%
Quantity Regulation
32%
Uncertainty
66%