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Environmental indicators in EMAS environmental statements
Marsanich, Andrea - 1998
Council Regulation (93/1836/EEC) requirements and definitions, and therefore we have established a more appropriate …
Persistent link: https://www.econbiz.de/10011608394
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A different perspective for global climate policy: Combining burden sharing and climate protection
Onigkeit, Janina; Alcamo, Joseph - 1999
A method is presented for computing long-term greenhouse gas emission pathways for both industrial ("Annex B") countries and developing ("non-Annex B") countries. This method combines two main factors: (i) climate protection goals, in the form of targets for stabilising CO2 in the atmosphere,...
Persistent link: https://www.econbiz.de/10011608540
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Will joint implementation survive international emissions trading? Distinguishing the Kyoto mechanisms
Janssen, Josef - 2000
The Kyoto Protocol stipulates that industrialised countries and countries with economies in transition, i.e. the group of Annex I countries, shall reduce their overall emissions of carbon dioxide and other five greenhouse gases by at least 5 % as compared to their 1990 emission levels. This...
Persistent link: https://www.econbiz.de/10011608624
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Self-regulation and social welfare: The political economy of corporate environmentalism
Maxwell, John W.; Lyon, Thomas Peyton; Hackett, Steven … - 1998
We extend the economic theory of regulation to allow for strategic self-regulation that preempts political action. When … toxic chemicals shows that an increased threat of regulation (as proxied by increased membership in conservation groups …) indeed induces firms to reduce toxic releases. We establish conditions under which self-regulation, if it occurs, is a Pareto …
Persistent link: https://www.econbiz.de/10011608423
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The regulation of professions in Italy
Brosio, Giorgio - 1997
The paper deals with the regulation of professions in Italy. It is a very traditional system of regulation based on … inputs control. This regulation is clearly excessive for most of the professions. In fact, market failures - both in terms of …. In fact, it is no longer true - at least for most of the professions - that output regulation is an inherently difficult …
Persistent link: https://www.econbiz.de/10011608310
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Regulation and privatisation: The case of electricity
Bortolotti, Bernardo; Fantini, Marcella; Siniscalco, … - 1998
sector in 38 countries for the period 1977-97 shows that regulation is a crucial institutional variable in privatisation. Not …
Persistent link: https://www.econbiz.de/10011608438
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Regulation at home, competition abroad: A theoretical framework
Calzolari, Giacomo; Scarpa, Carlo - 2001
This paper analyses in a hidden characteristic set-up the design of the optimal price for a firm which is a monopolist at home but competes abroad against foreign firms. As long as diseconomies of scope are not too strong, the optimal price is identified. The price rule depends on the sign of...
Persistent link: https://www.econbiz.de/10011608801
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Use of Long-term Auctions for Network Investment
McDaniel, Tanga; Neuhoff, Karsten - 2003
Short-term auctions for access to entry terminals of the British gas-network appear to successfully allocate scarce resources and capture scarcity rent. Now long-term auctions are being introduced to guide future capacity expansion decisions. In our model the fraction of rights issued in the...
Persistent link: https://www.econbiz.de/10011325061
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Investment Size and Firm's Value Under Profit Sharing Regulation
Moretto, Michele; Panteghini, Paolo M.; Scarpa, Carlo - 2003
In this article we analyse the effects of different regulatory schemes (price cap and profit sharing) on a firm's investment of endogenous size. Using a real option approach in continuous time, we show that profit sharing does not affect a firm's start-up decision relative to a pure price cap...
Persistent link: https://www.econbiz.de/10011325118
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Illiquidity and all its friends
Tirole, Jean - 2010
The recent crisis was characterized by massive illiquidity. This paper reviews what we know and don't know about illiquidity and all its friends: market freezes, fire sales, contagion, and ultimately insolvencies and bailouts. It first explains why liquidity cannot easily be apprehended through...
Persistent link: https://www.econbiz.de/10010272481