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Tradable emission permits in a federal system
Verbon, Harrie A. A.; Withagen, Cees A. - 2005
A system of tradable permits in the standard setting is effective in attaining the policy objective with regard to pollution reduction at the least cost. This outcome is challenged in case of a tradable permit system in a federal state with individual states having discretionary power regarding...
Persistent link: https://www.econbiz.de/10010261286
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Endogenous environmental policy when pollution is transboundary
Fünfgelt, Joachim; Schulze, Günther G. - 2011
world market prices. We show how governments systematically deviate from socially optimal environmental policies. Taxes may …
Persistent link: https://www.econbiz.de/10010286619
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Voluntary environmental agreements, emission taxes and international trade: The importance of the timing of strategies
Conrad, Klaus - 1999
because of global warming. If the industry anticipates that taxes and fees will be introduced in the coming years, it seems … to look at a two-stage game where governments set taxes first and then firms react. In such a policy regime the … government is concerned about the international competitiveness of its firms and sets taxes below marginal damages. In this paper …
Persistent link: https://www.econbiz.de/10011608503
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Cost heterogeneity and the potential savings from market-based policies
Newell, Richard G.; Stavins, Robert N. - 2002
Policy makers and analysts are often faced with situations where it is unclear whether market-based instruments hold real promise of reducing costs, relative to conventional uniform standards. We develop analytic expressions that can be employed with modest amounts of information to estimate the...
Persistent link: https://www.econbiz.de/10011335717
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Transitional politics: Emerging incentive-based instruments in environmental regulation
Aidt, Toke S.; Dutta, Jayasri - 2001
In the past 15 years, incentive-based environmental policy instruments, such as pollution taxes and tradeable pollution … proposes a positive theory of environmental instrument choice that can be used to explain this trend. We imagine a democratic … implemented by one of three instruments: [Q]: quantity controls; [P]: tradeable permits; and [T]: pollution taxes. We characterize …
Persistent link: https://www.econbiz.de/10011608840
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Environmental Taxes: A Comparison of French and Swedish Experience from Taxes on Industrial Air Pollution
Millock, Katrin; Nauges, Céline; Sterner, Thomas - In: CESifo DICE Report 02 (2004) 1, pp. 30-34
Persistent link: https://www.econbiz.de/10011696462
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Relative Quotas: Correct Answer to Uncertainty or Case of Regulatory Capture
Quirion, Philippe - 2003
There is a tendency among policy-makers and industry lobbyists toward "specific", "relative" or "output-based" quotas, i.e., freely distributed to firms proportionally to their output. With a stochastic analytical model, we demonstrate that relative quotas are dominated either by absolute quotas...
Persistent link: https://www.econbiz.de/10011325068
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Climate policy, asymmetric information and firm survival
Hagem, Cathrine - 2001
information when the regulator wants to secure the survival of a specific firm. It is a well-known result from economic theory … that emission taxes lead to a cost-effective distribution of abatement across polluters. However, if the regulator wants to … distribution of free permits, emission taxes in combination with a fixed subsidy, and two types of voluntary agreements. It …
Persistent link: https://www.econbiz.de/10011608772
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Transboundary environmental problems with a mobile population: Is there a need for central policy?
Hoel, Michael; Shapiro, Perry - 2000
It is a widely held view that efficient environmental policies regulating transboundary pollution will be adopted only if there is interjurisdictional coordination. Efficient policies can be adopted as a result of interstate treaties or mandated by a central authority. However, if the policies...
Persistent link: https://www.econbiz.de/10010284480
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Domestic inefficiencies caused by transboundary pollution problems when there is no international coordination of environmental policies
Hoel, Michael - 2001
In most models of transboundary pollution, lack of international cooperation does not cause any inefficiency within each country. The paper shows that this result is only valid in the hypothetical case of no international trade. With international trade, we get a domestic inefficiency in...
Persistent link: https://www.econbiz.de/10010284303