Jouvet, Pierre-André; Michel, Philippe; Rotillon, Gilles - Maison des Sciences Économiques, Université Paris 1 … - 2004
. Pollution is restricted by a tradable market of permits in the industry. We define an environmental efficiency factor for each … firm. Given the total dotation of permits, the larger is the environmental efficiency factor, the larger is the firm … proportional environmental efficiency factor. Last, we analyze the consequences of permits' allocations on the profitability of the …