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Collusion Inducing Taxation of a Polluting Oligopoly

Benchekroun, Hassan - 2008

We show that an environmental regulation such as a tax on pollution can act as a collusive device and induce stable cartelization in an oligopolistic polluting industry. We consider a dynamic game where pollution is allowed to accumulate into a stock over time and a cartel that includes all the...

Persistent link: https://www.econbiz.de/10012723065

Global Warming : Correcting the Data

Michaels, Patrick - 2008

Temperature records compiled by the International Panel on Climate Change are biased by non-climatic factors that are largely socioeconomic in origin. The result is that as much as 50 percent of the land-surface warming that has been detected in recent decades may not be the product of global...

Persistent link: https://www.econbiz.de/10014213426

Income Taxation and Optimal Government Policy

Kaplow, Louis - 2005

Various economic literatures address the question whether first-best prescriptions for government policy require modification because redistributive income taxation distorts labor supply and cannot achieve the distributive ideal. Perhaps second-best rules for public goods provision, corrective...

Persistent link: https://www.econbiz.de/10014061860

Rationality or Rationalism : The Positive and Normative Flaws of Cost-Benefit Analysis

Volokh, Alexander - 2012

regulations are rational.On the intellectual level, I believe that Dean Revesz gives short shrift to important theoretical …

Persistent link: https://www.econbiz.de/10013114982

Optimal ownership of public goods under asymmetric information

Schmitz, Patrick W. - 2021

Persistent link: https://www.econbiz.de/10012499103

Should Regulators Be More Proactive About Entry? An Evaluation under Asymmetric Information

SARMENTO, PAULA; BRANDグ, ANTモNIO - In: Hitotsubashi Journal of Economics 53 (2012) 1, pp. 71-84

demand. With the second regulatory policy the regulator designs a mechanism to motivate the incumbent firm to price …

Persistent link: https://www.econbiz.de/10011106496

Market Outcomes and Dynamic Patent Buyouts

Galasso, Alberto; Mitchell, Matthew; Virag, Gabor - C.E.P.R. Discussion Papers - 2014

Patents are a useful but imperfect reward for innovation. In sectors like pharmaceuticals, where monopoly distortions seem particularly severe, there is growing international political pressure to identify alternatives to patents that could lower prices. Innovation prizes and other non-patent...

Persistent link: https://www.econbiz.de/10011083542

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 … to firms that can efficiently limit the externality. The optimal mechanism supplements this strict local regulation with …

Persistent link: https://www.econbiz.de/10012018288

Optimal carbon leakage

Hokkanen, Topi - 2023

optimal regulatory policies under asymmetric information. To this end, I derive the optimal incentive compatible mechanism to …

Persistent link: https://www.econbiz.de/10014420672

Mechanism Design with Collusive Supervision

Celik, Gorkem - Vancouver School of Economics - 2004

We analyze an adverse selection environment with third party supervision. We assume that the "supervisor" and the "agent" can collude while interacting with the "principal". As long as the supervisor is symmetrically informed with the agent, the former's existence does not improve the...

Persistent link: https://www.econbiz.de/10004980432