This paper discusses market power effects in ambient permit markets. A first conclusion is that the distortion observed at the manipulated market spreads to other markets. We find that the manipulated price could be lower (higher) than his competitive level according to the dominant firm acts as...

Incentive contracts can be proposed to a dominant firm that has been excluded from the pollution permit market. We determine the optimal characteristics of a contract considering the trade-off between market efficiency and the cost of public funds. We show that under incomplete information the...

<alinea/> In this article, the different methods that can be used to distribute pollution quotas are analysed. First, we present the free of charge allocations. Then, we give several kinds of allocation which raise revenue for the government. Finally, we compare these different allocations within a...

Permit markets lead polluting firms to purchase abatement goods from an eco-industry, which is often concentrated. This paper studies the consequences of imperfect competition in an eco-industry on the equilibrium choices of the competitive polluting firms. It then characterizes the second best...

[eng] Pollution Permit Markets and Imperfect Competition Pollution permit markets offer attractive properties if there are competitive. Moreover, this result is not valid anymore if the pollution permit market or output markets are not competitive. The aim of this article is to show in which...

In this article we introduce a polluting eco-industry. Depending on the level of the damage, we find one of two optimal equilibria. If the damage is low, we generalize the usual results of the economic literature to the polluting eco-industry: the dirty firm partially abates their emissions,...

We here consider how Chinese firms adjust to higher minimum wages and how these affect aggregate productivity, exploiting the 2004 minimum-wage reform in China. We find that higher city-level minimum wages reduced the survival probability of firms which were the most exposed to the reform. For...

This paper uses Belgian firm-level data, covering the 1998-2006 period, to assess the impact on TFP growth of key labour force structural changes: ageing, feminisation and rise of educational attainment. Based on a Hellerstein-Neumark analytical framework, our work shows that an ageing workforce...

This paper investigates the problem of an "optimum population" concerning age structures in a 3-period OLG-model with endogenous fertility and longevity. The first-best solution for a number-dampened total social welfare function, including Millian and Benthamite utilitarianism as two extreme...