Multiplicity of Investment Equilibria when Pollution Permits are Not Tradable
نویسندگان
چکیده
منابع مشابه
Tradable Pollution Permits and the Regulatory Game
This paper analyzes polluters’ incentives to move from a traditional command and control (CAC) environmental regulatory regime to a tradable permits (TPP) regime. Existing work in environmental economics does not model how firms contest and bargain over actual regulatory implementation in CAC regimes, and therefore fail to compare TPP regimes with any CAC regime that is actually observed. This ...
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The establishment of a tradable permit market requires the regulator to select a level of aggregate emissions and then distribute the associated permits to specific groups. Both these decisions create opportunities for rent seeking. In this paper, we use a contest model to analyse the incentives to rent seek for pollution permits and to analyse the consequences for social welfare. We find diffe...
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In this paper we examine an alternative policy scenario, where governments allow polluting rms to trade permits in a strategic environmental policy model. We demonstrate, among other things, that with no market power in the permits market, governments of the exporting rms do not have an incentive to under-regulate pollution in order to become more competitive. This strategic e¤ect is reversed...
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In this paper we examine an alternative policy scenario, where governments allow polluting rms to trade permits in a strategic environmental policy model. We demonstrate, among other things, that with no market power in the permits market, governments of the exporting rms do not have an incentive to under-regulate pollution in order to become more competitive. This strategic e¤ect is reversed...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2006
ISSN: 1556-5068
DOI: 10.2139/ssrn.901637