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On the efficiency of competitive markets for input quotas: The case of emission permit trading

Sartzetakis, Efticios Sophocles - 1999

It is typical for economists and policy makers alike to presume that competitive markets allocate input licenses efficiently. This paper demonstrates that competition in the licenses market cannot assure efficiency when the product market is oligopolistic. We develop a model to provide the...

Persistent link: https://www.econbiz.de/10011608556

Debt as a (credible) collusive device, or: "Everybody happy but the consumer"

Spagnolo, Giancarlo - 1999

The paper proposes a theory of the anti-competitive effects of debt finance based on the interaction between capital …

Persistent link: https://www.econbiz.de/10011608557

Theliberalisation process of the German electricity market: Strategies and opportunities

Kemfert, Claudia - 1999

Within this paper an oligopolistic German electricity market is modelled by a game theoretic modelling tool representing a Nash equilibrium. Due to European electricity market liberalisation electricity producing and trading firms react strategically like global market players by joining and...

Persistent link: https://www.econbiz.de/10011608558

Costs of air quality regulation

Becker, Randy A.; Henderson, John Vernon - 1999

This paper explores some costs associated with environmental regulation. We focus on regulation pertaining to ground-level ozone (O3) and its effects on two manufacturing industries — industrial organic chemicals (SIC 2865-9) and miscellaneous plastic products (SIC 308). Both are major...

Persistent link: https://www.econbiz.de/10011608560

Markets and cooperation

Spagnolo, Giancarlo - 1999

Why do money and markets crowd out co-operative relations? This paper characterises the effects of intertemporal preferences, money, and markets on players' ability to co-operate in material-payoff supergames. Players' aversion to intertemporal substitution facilitates co-operation by decreasing...

Persistent link: https://www.econbiz.de/10011608563

Does productive capital affect the order of resource exploitation?

Favard, Pascal - 2000

The purpose of this paper is to show that in a general equilibrium framework it is never optimal to use high cost substitute after lower cost exhaustible resource even if it is possible to accumulate productive capital. Indeed if the high cost substitute is scarce it is always optimal to consume...

Persistent link: https://www.econbiz.de/10011608566

The political economy of environment-development relationships: A preliminary framework

Deacon, Robert T. - 2000

ruled by autocrats or an elite group. To examine this proposition, the present paper develops a simple neoclassical theory … benefits accruing to a subset of the population. Under plausible conditions the theory implies that public consumption goods … by less inclusive governments (similar to Mancur Olson and Martin McGuire.) This theory is tested with cross-country data …

Persistent link: https://www.econbiz.de/10011608567

Joint costs in network services: The two-way problem in the case of unbalanced transport markets

Rietveld, Piet; Roson, Roberto - 2000

viewpoint of economic theory, two regimes can be distinguished: one where -owing to price discrimination- the flows are equal …

Persistent link: https://www.econbiz.de/10011608568

Partial and global cooperation with unilateral commitment in the presence of global environmental problems: Coalition theory network

Pereau, Jean-Christophe; Tazdait, Tarik - 2000

This paper focuses on the link between the group co-operation and the unilateral commitment behaviour of some countries in the presence of global environmental problems. As we consider that this last behaviour occurs when bargaining failed, we call it a precautious commitment. We also show that...

Persistent link: https://www.econbiz.de/10011608573

Hormone beefs, chloridric chicken and international trade: Can scientific uncertainty be an informational barrier to trade?

Calzolari, Giacomo; Immordino, Giovanni - 2000

We study international trade of innovative goods subject to scientific uncertainty on consumers' health effects. Trade of these goods is often at the centre of international disputes. We show that a new trade protectionism may arise because of the scientific uncertainty. A free riding effect is...

Persistent link: https://www.econbiz.de/10011608574