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A well-known result about market power in emission permit markets is that efficiency can be achieved by full free allocation to the dominant firm. I show that this result breaks down when taking the interaction between input and output markets into account, even if the firm perceives market...
Persistent link: https://www.econbiz.de/10013073090
Transport has a large number of significant externalities including carbon emissions, air pollution, accidents, and … congestion. Active travel such as cycling and walking can reduce these externalities. Moreover, public health research has … benefits and active travel options into an optimal taxation model of transport externalities to study appropriate policy …
Persistent link: https://www.econbiz.de/10014092122
We set up a simple dynamic macroeconomic model with (i) polluting consumption and a preference for a clean environment, (ii) increasing returns in abatement giving rise to an EKC and (iii) sustained growth resulting from a linear final-output technology. The model captures two sorts of market...
Persistent link: https://www.econbiz.de/10014192661
We analyse the interdependence between green attitude and equilibrium development of environmental quality in an endogenous growth model. Individuals take only part of their impact on pollution into account, hence there is a negative externality of capital accumulation on environmental quality....
Persistent link: https://www.econbiz.de/10010516680
has been made to green the economy, an important challenge that remains is to internalise global and local externalities …
Persistent link: https://www.econbiz.de/10010283620
to correct for multiple reinforcing failures of private governance structures, such as pollution externalities and …
Persistent link: https://www.econbiz.de/10010304366
Although market-based environmental policy instruments feature prominently in economic theory and are widely employed …
Persistent link: https://www.econbiz.de/10011595153
This paper reviews the recent experience of Germany in encouraging innovation to reduce negative environmental impacts of economic activity. The essence of the German approach to policy-induced environmental innovation is discussed in the context of changing policy objectives, and illustrated...
Persistent link: https://www.econbiz.de/10011276617
to correct for multiple reinforcing failures of private governance structures, such as pollution externalities and …
Persistent link: https://www.econbiz.de/10008924765
to correct for multiple reinforcing failures of private governance structures, such as pollution externalities and …
Persistent link: https://www.econbiz.de/10008562594