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Interest group incentives for post-lottery trade restrictions

Ohler, Adrienne; Chouinard, Hayley; Yoder, Jonathan - In: Journal of Regulatory Economics 45 (2014) 3, pp. 281-304

The rights to use publicly-managed natural resources are sometimes distributed by lottery, and typically these rights … are nontransferable. Prohibition of post-lottery permit transfers discourages applicants from entering the lottery solely …, and characterize the economic/informational conditions under which post-lottery prohibitions on trade are likely to arise …

Persistent link: https://www.econbiz.de/10010866778

Why Does Environmental Policy in Representative Democracies Tend to Be Inadequate? A Preliminary Public Choice Analysis

Kollmann, Andrea; Schneider, Friedrich - In: Sustainability 2 (2010) 12, pp. 3710-3734

. To identify the reasons for this insufficient implementation over the past decade, the Public Choice theory is used. The …

Persistent link: https://www.econbiz.de/10008756396

On the Political Economy of Environmental Policy

Kirchgässner, Gebhard; Schneider, Friedrich - CESifo - 2002

In the past there was hardly any use of economic instruments in environmental policy, mainly command and control measures were used. More recently, ecological taxes as well as tradable permits became more popular and voluntary agreements have been imple-mented. Using the Public Choice ap-proach...

Persistent link: https://www.econbiz.de/10005051508

Impact of banking and forward contracts on tradable permit markets

Maeda, Akira - In: Environmental Economics and Policy Studies 6 (2004) 2, pp. 81-102

This article assesses the effects of banking on tradable emission permit markets and, in particular, the role of uncertainty in permit markets that allow banking. In such markets, current and future spot trade markets are linked: An increase in uncertainty about future spot markets at first...

Persistent link: https://www.econbiz.de/10010949596

The Temporal Efficiency of SO2 Emissions Trading

Ellerman, A.D.; Montero, Juan-Pablo - Faculty of Economics, University of Cambridge - 2002

This paper provides an empirical evaluation of the temporal efficiency of the US Acid Rain Program, which implemented a nationwide market for trading and banking sulphur dioxide (SO2) emission allowances. We first develop a model of efficient banking and select appropriate parameter values. Then...

Persistent link: https://www.econbiz.de/10005783714

Vested Interests in a Positive Theory of IFI Conditionality

Mourmouras, Alex; Mayer, Wolfgang - International Monetary Fund (IMF) - 2002

Understanding of the domestic political environment is key to building broad country ownership and the successful implementation of reform programs supported by international financial institutions (IFIs). But recipient countries are not unitary actors: policymakers are influenced by special...

Persistent link: https://www.econbiz.de/10005825788

Is Policy Ownership An Operational Concept?

Boughton, James M.; Mourmouras, Alex - International Monetary Fund (IMF) - 2002

IMF lending is generally conditional on specified policies and outcomes. These conditions usually are negotiated compromises between policies initially favored by the Fund and by the country's authorities. In some cases the authorities might be satisfied enough with the outcome to take...

Persistent link: https://www.econbiz.de/10005826172

On the Viability of Conditional Assistance Programs

Mayer, Wolfgang; Mourmouras, Alex - International Monetary Fund (IMF) - 2005

Economic adjustment and reform programs, including those supported by international financial institutions (IFIs), must cope with informational asymmetries and special interest politics. This presents a particularly serious issue when IFIs make structural economic reforms a condition for...

Persistent link: https://www.econbiz.de/10005768733

The Political Economy of Conditional and Unconditional Foreign Assistance; Grants vs. Loan Rollovers

Mayer, Wolfgang; Mourmouras, Alex - International Monetary Fund (IMF) - 2004

Improving the effectiveness of financial assistance programs is a priority of international financial institutions (IFIs). This paper examines the effectiveness of alternative assistance instruments in a dynamic political economy framework. Economic policies of the receiving country are...

Persistent link: https://www.econbiz.de/10005769031

Overcoming Barriers to Reform:on Incentive-Compatible International Assistance

Mayer, Wolfgang; Mourmouras, Alex - International Monetary Fund (IMF) - 2007

International financial assistance (loans and grants) can potentially raise recipients' welfare in two ways, by affecting a direct resource transfer and by facilitating efficiency-enhancing reforms. In practice, barriers to reform limit the potential of assistance to deliver these two dividends....

Persistent link: https://www.econbiz.de/10005769075

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