Pollution Regulation And Production In Imperfect Markets
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Author | : François C. Giraud-Carrier |
Publisher | : |
Total Pages | : 163 |
Release | : 2014 |
Genre | : Environmental economics |
ISBN | : |
Download Pollution Regulation and Production in Imperfect Markets Book in PDF, Epub and Kindle
Author | : Erin Mansur |
Publisher | : |
Total Pages | : 52 |
Release | : 2007 |
Genre | : Environmental policy |
ISBN | : |
Download Prices Vs. Quantities Book in PDF, Epub and Kindle
In a market subject to environmental regulation, a firm's strategic behavior affects the production and emissions decisions of all firms. If firms are regulated by a Pigouvian tax, changing emissions will not affect the marginal cost of polluting. However, under a tradable permits system, the polluters' decisions affect the permit price. This paper shows that this feedback effect may increase a strategic firm's output. Relative to a tax, tradable permits improve welfare in a market with imperfect competition. As an application, I model strategic and competitive behavior of wholesalers in the Pennsylvania, New Jersey, and Maryland electricity market. Simulations suggest that exercising market power decreased local pollution by approximately nine percent, and therefore, substantially reduced the price of the region's pollution permits. Furthermore, I find that had regulators opted to use a tax instead of permits, the deadweight loss from imperfect competition would have been approximately seven percent greater.
Author | : Francesco Gullì |
Publisher | : Springer Science & Business Media |
Total Pages | : 124 |
Release | : 2012-12-14 |
Genre | : Business & Economics |
ISBN | : 1447147278 |
Download Pollution Under Environmental Regulation in Energy Markets Book in PDF, Epub and Kindle
Pollution Under Environmental Regulation in Energy Markets provides a study of environmental regulation when energy markets are imperfectly competitive. This theoretical treatment focuses on three relevant cases of energy markets. First, the residential space heating sector where hybrid regulation such as taxation and emissions trading together are possible. Second, the electricity market where transactions are organized in the form of multi-period auctions. Third, namely natural gas (input) and electricity (output) markets where there is combined imperfect competition in vertical related energy markets. The development of free or low carbon technologies supported by energy policies, aiming at increasing security of supply, is also explored whilst considering competition policies that reduce market power in energy markets thus improving market efficiency. Pollution Under Environmental Regulation in Energy Markets discusses the key issues of whether imperfect competition can lessen the ability of environmental policy to reduce pollution and/or to minimize the cost of meeting environmental targets. Policymakers, analysts and researchers gain a thorough understanding of the performance of environmental policy from Pollution Under Environmental Regulation in Energy Markets leading to better design of simulation models of performance and costs of environmental regulation.
Author | : Francesco Gullì |
Publisher | : Springer |
Total Pages | : 116 |
Release | : 2012-12-14 |
Genre | : Business & Economics |
ISBN | : 9781447147282 |
Download Pollution Under Environmental Regulation in Energy Markets Book in PDF, Epub and Kindle
Pollution Under Environmental Regulation in Energy Markets provides a study of environmental regulation when energy markets are imperfectly competitive. This theoretical treatment focuses on three relevant cases of energy markets. First, the residential space heating sector where hybrid regulation such as taxation and emissions trading together are possible. Second, the electricity market where transactions are organized in the form of multi-period auctions. Third, namely natural gas (input) and electricity (output) markets where there is combined imperfect competition in vertical related energy markets. The development of free or low carbon technologies supported by energy policies, aiming at increasing security of supply, is also explored whilst considering competition policies that reduce market power in energy markets thus improving market efficiency. Pollution Under Environmental Regulation in Energy Markets discusses the key issues of whether imperfect competition can lessen the ability of environmental policy to reduce pollution and/or to minimize the cost of meeting environmental targets. Policymakers, analysts and researchers gain a thorough understanding of the performance of environmental policy from Pollution Under Environmental Regulation in Energy Markets leading to better design of simulation models of performance and costs of environmental regulation.
Author | : Meredith Fowlie |
Publisher | : |
Total Pages | : 63 |
Release | : 2008 |
Genre | : Pollution |
ISBN | : |
Download Incomplete Environmental Regulation, Imperfect Competition, and Emissions Leakage Book in PDF, Epub and Kindle
For political, jurisdictional and technical reasons, environmental regulation of industrial pollution is often incomplete: regulations apply to only a subset of facilities contributing to a pollution problem. Policymakers are increasingly concerned about the emissions leakage that may occur if unregulated production can be easily substituted for production at regulated firms. This paper analyzes emissions leakage in an incompletely regulated and imperfectly competitive industry. When regulated producers are less polluting than their unregulated ounterparts, emissions under incomplete regulation can exceed the level of emissions that would have occurred in the absence of regulation. Converseley, when regulated firms are relatively more polluting, aggregate emissions under complete regulation can exceed aggregate emissions under incomplete regulation. In a straightforward application of the theory of the second best, I show that incomplete regulation can welfare dominate complete regulation of emissions from an asymmetric oligopoly. The model is used to simulate greenhouse gas emissions from California's electricity sector under a source-based cap-and-trade program. Incomplete regulation that exempts out-of-state producers achieves approximately a third of the emissions reductions achieved under complete regulation at more than twice the cost per ton of emissions abated.
Author | : Emmanuel Petrakis |
Publisher | : Edward Elgar Publishing |
Total Pages | : 296 |
Release | : 1999 |
Genre | : Business & Economics |
ISBN | : |
Download Environmental Regulation and Market Power Book in PDF, Epub and Kindle
Emissions taxes, tradeable emission permits and voluntary compliance policies are becoming the instruments of choice in controlling environmental problems at the national and international level. This text uses research in order to appraise their efficiency in varying market conditions.
Author | : Lans Bovenberg |
Publisher | : Springer Science & Business Media |
Total Pages | : 370 |
Release | : 2012-12-06 |
Genre | : Business & Economics |
ISBN | : 9401106614 |
Download Public Economics and the Environment in an Imperfect World Book in PDF, Epub and Kindle
Growing populations and economies have increased the public's awareness that the world's environmental resources are finite. The issues of global warming and the depletion of the ozone layer have given universal significance to what were once local and regional pollution problems. What is evident from Public Economics and the Environment in an Imperfect World is that Coasian negotiations fail to internalize the costs of environmental degradation, often calling for public intervention through the market mechanism. In its consideration of such issues the book includes contributions on assessment problems, institutional aspects, the need for coordination and efficiency, and distribution issues.
Author | : J.-P. Nicolai |
Publisher | : |
Total Pages | : |
Release | : 2013 |
Genre | : |
ISBN | : |
Download Ex-Ante Vs. Ex-Post Pollution Permit Regulation Under Imperfect Competition Book in PDF, Epub and Kindle
Author | : John F. McEldowney |
Publisher | : |
Total Pages | : 0 |
Release | : 2014 |
Genre | : Environmental law |
ISBN | : 9780857938206 |
Download Environmental Regulation Book in PDF, Epub and Kindle
Featuring an original introduction by the editors, this important collection of essays explores the main issues surrounding the regulation of the environment. The expert contributors illustrate that regulating the environment in the UK is conceptually complex, involves a diverse range of institutions, techniques and methodologies and crosses geographical and national boundaries. In the USA it is more formalised, juridical, adversarial and formally dependent upon legal rules. The articles highlight the fact that despite differences in the UK and the USA's regulatory styles, environmental regulation today has much in common with both traditions.
Author | : Mahelet G. Fikru |
Publisher | : Nova Science Publishers |
Total Pages | : 0 |
Release | : 2015 |
Genre | : Environmental impact charges |
ISBN | : 9781634631655 |
Download Economics of Environmental Policy in Oligopolistic Markets Book in PDF, Epub and Kindle
With the rising public and political concern about greener production, there is unrelenting pressure on individual companies to mitigate and abate pollution and adopt cleaner technologies. Governments adopt several types of environmental policies and regulations that are aimed at protecting the environment and encouraging efficient use of natural resources. Instruments such as carbon tax, emission quota and abatement subsidy are being proposed and implemented in several countries. Such policies affect firms' strategic decision-making such as creating joint ventures, product differentiation, R&D, expansion and outsourcing. This book examines the relationship between firms' strategic decision making, environmental policies and its resulting effect on society. Each chapter builds a theoretical model in which the market structure is imperfect competition.