Narrow search
Showing 1 - 10 of 56,086
Cover Image
The deterrence effect of linear versus convex fines : laboratory evidence
Caffera, Marcelo; Chávez Rebolledo, Carlos; Ardente, … - In: Journal of applied economics 24 (2021) 1, pp. 45-70
Using experiments in which participants play the role of polluting firms, we study compliance behavior with emissions limits under two types of fines and two different regulatory instruments. We find that the market price of pollution permits and the probability of violating permits holdings are...
Persistent link: https://www.econbiz.de/10013174118
Cover Image
Imperfect Enforcement of Emissions Trading and Industry Welfare : A Laboratory Investigation
Stranlund, John; Murphy, James J.; Spraggon, John - 2008
efficient at allocating individual emission control choices despite imperfect enforcement and significant noncompliance. However …
Persistent link: https://www.econbiz.de/10014216384
Cover Image
A Laboratory Investigation of Compliance Behavior Under Tradable Emissions Rights : Implications for Targeted Enforcement
Murphy, James J.; Stranlund, John - 2005
risk-neutral firms and the marginal effectiveness of increased enforcement across firms are independent of differences in … emissions trading programs because it suggests that regulators have no justification for targeting their enforcement effort … the marginal effectiveness of enforcement depends on any firm-specific characteristic. We also examine the determinants of …
Persistent link: https://www.econbiz.de/10014066616
Cover Image
An Experimental Analysis of Compliance in Dynamic Emissions Markets
Stranlund, John; Murphy, James J.; Spraggon, John M. - 2013
designed to investigate enforcement and compliance when these markets allow permit banking. Banking is motivated by a decrease …
Persistent link: https://www.econbiz.de/10014191046
Cover Image
The regulatory choice of noncompliance in the lab : effect on quantities, prices, and implications for the design of a cost-effective policy
Caffera, Marcelo; Chávez Rebolledo, Carlos - In: The B.E. journal of economic analysis & policy 16 (2016) 2, pp. 727-753
Persistent link: https://www.econbiz.de/10011507951
Cover Image
Decentralized environmental regulations and plant-level productivity
Ghosal, Vivek; Stephan, Andreas; Weiss, Jan F. - 2018
and enforcement. Our key findings are: (1) prudential regulation limits expansion of plants with high initial pollution …
Persistent link: https://www.econbiz.de/10011906240
Cover Image
Carbon leakage : grandfathering as an incentive device to avert relocation
Schmidt, Robert C. - 2009
Emission allowances are often distributed for free in an early phase of a cap-and-trade scheme (grandfathering) to reduce adverse effects on the profitability of firms. If the grandfathering scheme is phased out over time, firms may nevertheless relocate to countries with a lower carbon price...
Persistent link: https://www.econbiz.de/10003935671
Cover Image
The effect of allowance allocations on cap-and-trade system performance
Hahn, Robert William; Stavins, Robert N. - 2010
We examine an implication of the “Coase Theorem” which has had an important impact both on environmental economics and on public policy in the environmental domain. Under certain conditions, the market equilibrium in a cap-and-trade system will be cost-effective and independent of the...
Persistent link: https://www.econbiz.de/10008732179
Cover Image
The Effect of Allowance Allocations on Cap-and-Trade System Performance
Hahn, Robert W. - 2010
We examine an implication of the “Coase Theorem” which has had an important impact both on environmental economics and on public policy in the environmental domain. Under certain conditions, the market equilibrium in a cap-and-trade system will be cost-effective and independent of the...
Persistent link: https://www.econbiz.de/10013140027
Cover Image
Delegating Pollution Permits
Kundu, Tapas; Nilssen, Tore - 2021
We discuss the decision to delegate the regulation of pollution through sales of permits to abiased expert in a situation where the polluting firm has private information about its technology.We consider, in particular, constrained delegation where the government puts restrictions on theamount...
Persistent link: https://www.econbiz.de/10013232692