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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
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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
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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
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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
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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
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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
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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
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Time-consistent carbon pricing : the role of carbon contracts for differences : [a previous version of this paper was titled: "Time-consistent carbon pricing"]
Chiappinelli, Olga; Neuhoff, Karsten - 2020
Carbon pricing decisions by governments are prone to time-inconsistency, which causes the private sector to underinvest in emission-reducing technologies. We show that incentives for decarbonization can be improved if complementing carbon pricing with carbon contracts for differences, where the...
Persistent link: https://www.econbiz.de/10012197900
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Time-consistent carbon pricing
Chiappinelli, Olga; Neuhoff, Karsten - 2017
In this paper we show that carbon pricing is subject to time-inconsistency and we investigate solutions to improve on the problem and restore the incentive for the private sector to invest in low-carbon innovation. We show that a superior price-investment equilibrium can be sustained in the...
Persistent link: https://www.econbiz.de/10011771753
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Think global, act local! : a mechanism for global commons and mobile firms
Ahlvik, Lassi; Liski, Matti - 2019
It is tricky to design local regulations on global externalities, especially so if firms are mobile. We show that when costs and outside options are firms' private information, the threat of firm relocation leads to local regulations that are stricter, not looser. This result is general and...
Persistent link: https://www.econbiz.de/10011996399