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Lack of transmission capacity hampers the efficient integration of the European electricity market, and thereby precludes reaping the full benefits of competition. We investigate to what extent the expansion of the transmission grid promotes competition, efficiency, and welfare. This work...
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The purpose of this paper is to develop a general theoretical model that describes production and recycling in an n …-firm oligopoly market in which firms can cooperate for recycling. We use a three-stage game to analyze a specific recycling issue. In … stage 0, the government sets a target recycling rate as well as virgin material and final disposal tax rates. In stage 1, n …
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Recent work has shown that Weitzman's policy rule for choosing price- versus quantity-based pollution control instruments under uncertainty is biased when the polluting firms possess market power (Heuson 2010). However, this study is restricted to emission standards and taxes, while tradable...
Persistent link: https://www.econbiz.de/10010311768
Recent work has shown that Weitzman's policy rule for choosing price- versus quantity-based pollution control instruments under uncertainty is biased when the polluting firms possess market power (Heuson 2010). However, this study is restricted to emission standards and taxes, while tradable...
Persistent link: https://www.econbiz.de/10009714360