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Profiting from Regulation : An Event Study of the EU Carbon Market
Bushnell, James - 2014
Tradable permit regulations have recently been implemented for climate change policy in many countries. One of the …
Persistent link: https://www.econbiz.de/10013070488
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Technology and the Effectiveness of Regulatory Programs Over Time : Vehicle Emissions and Smog Checks with a Changing Fleet
Sanders, Nicholas - 2017
Personal automobile emissions are a major source of urban air pollution. Many U.S. states control emissions through mandated vehicle inspections and repairs. But there is little empirical evidence directly linking mandated inspections, maintenance, and local air pollution levels. To test for a...
Persistent link: https://www.econbiz.de/10012944643
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Indexed Regulation
Newell, Richard G. - 2010
Seminal work by Weitzman (1974) revealed prices are preferred to quantities when marginal benefits are relatively flat compared to marginal costs. We extend this comparison to indexed policies, where quantities are proportional to an index, such as output. We find that policy preferences hinge...
Persistent link: https://www.econbiz.de/10012759315
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Price Limits in a Tradable Performance Standard
Wang, Banban; Pizer, Billy; Munnings, Clayton - 2022
Tradable performance standards are widely used sectoral regulatory policies. Examples include the US lead phasedown, fuel economy standards for automobiles, renewable portfolio standards, low carbon fuel standards, and—most recently—China’s new national carbon market. At the same time,...
Persistent link: https://www.econbiz.de/10014089541
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Corporate Social Responsibility and Imperfect Regulatory Oversight : Theory and Evidence from Greenhouse Gas Emissions Disclosures
de Bettignies, Jean-Etienne; Liu, Hua Fang; Robinson, … - 2022
This paper develops and tests a model in which 1) purpose-driven firms emerge as an optimal organizational form even for profit-maximizing entrepreneurs; and 2) CSR arises endogenously as a response to imperfect regulatory oversight. Purpose-driven organizations allow entrepreneurs to create...
Persistent link: https://www.econbiz.de/10014090301
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Reducing Greenhouse Gas Emissions by Forest Protection : The Transaction Costs of REDD
Alston, Lee J. - 2013
Understanding and minimizing the transaction costs of policy implementation are critical for reducing tropical forest losses. As the international community prepares to launch REDD+, a global initiative to reduce greenhouse gas emissions from tropical deforestation, policymakers need to pay...
Persistent link: https://www.econbiz.de/10013093889
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Do Product Market Regulations in Upstream Sectors Curb Productivity Growth? Panel Data Evidence for OECD Countries
Bourlès, Renaud - 2010
the effects of upstream competition vary with distance to frontier on a panel of 15 OECD countries and 20 sectors over … anticompetitive upstream regulations have curbed MFP growth over the past 15 years, more strongly so for observations that are close …
Persistent link: https://www.econbiz.de/10013136026
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Cross-National Evidence on Generic Pharmaceuticals : Pharmacy vs. Physician-Driven Markets
Danzon, Patricia M. - 2011
This paper examines the role of regulation and competition in generic markets. Generics offer large potential savings … prompt entry, aggressive price competition and patient switching to generics. Key features are that pharmacists are …-makers. Physician-driven generic markets tend to have higher generic prices and may have lower generic uptake, depending on regulations …
Persistent link: https://www.econbiz.de/10013122264
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Patent Rights, Product Market Reforms, and Innovation
Aghion, Philippe - 2014
Can patent protection and product market competition complement each other in enhancing incentives to innovate? In this … product market competition interact with the strength of patent rights. We provide empirical evidence of innovation responding … with step-by-step innovation models predicting that product market competition enhances innovation and, more importantly …
Persistent link: https://www.econbiz.de/10013064451
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Liquidity Rules and Credit Booms
Hachem, Kinda - 2016
We show that stricter bank liquidity standards can trigger unintended credit booms when there is heterogeneity in interbank pricing power. Attempts to circumvent the regulation change the allocation of savings across institutions, eliciting strategic responses that also change the allocation of...
Persistent link: https://www.econbiz.de/10013001209