Taschini, Luca; Chesney, Marc; Wang, Mei - In: Journal of Regulatory Economics 46 (2014) 1, pp. 23-50
This paper examines the investment strategies of compliance companies in irreversible abatement technologies and the … irreversible abatement investment, the paper shows that regulated companies trade permits at a premium. Also, steep per unit … penalties for excess emissions prompt early investments in irreversible abatement technologies. Further, the paper shows that by …