Environmental Regulation in Oligopoly Markets
Environmental Regulation in Oligopoly Markets

Author: Erin T. Mansur

Publisher:

Published: 2004

Total Pages: 0

ISBN-13:

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In an oligopoly market subject to environmental regulation through tradable pollution permits, polluters' output decisions affect the price of polluting. With a pollution tax, this feedback effect is absent. In a permit regime, I show that the feedback effect increases strategic firms' production and improves welfare. I empirically test the environmental implications of oligopoly behavior in the Pennsylvania, New Jersey, and Maryland electricity market. Air pollution fell substantially during 1999, the year in which both electricity restructuring and a tradable permit system took effect. Surprisingly, I show that 33-42 percent of the emissions reductions resulted from strategic behavior in the electricity market. Simulations suggest that welfare loss would have been seven percent greater under a tax than with tradable permits.

Economics of Environmental Policy in Oligopolistic Markets
Economics of Environmental Policy in Oligopolistic Markets

Author: Mahelet G. Fikru

Publisher: Nova Science Publishers

Published: 2015

Total Pages: 0

ISBN-13: 9781634631655

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With the rising public and political concern about greener production, there is unrelenting pressure on individual companies to mitigate and abate pollution and adopt cleaner technologies. Governments adopt several types of environmental policies and regulations that are aimed at protecting the environment and encouraging efficient use of natural resources. Instruments such as carbon tax, emission quota and abatement subsidy are being proposed and implemented in several countries. Such policies affect firms' strategic decision-making such as creating joint ventures, product differentiation, R&D, expansion and outsourcing. This book examines the relationship between firms' strategic decision making, environmental policies and its resulting effect on society. Each chapter builds a theoretical model in which the market structure is imperfect competition.

Environmental Regulation and Market Power
Environmental Regulation and Market Power

Author: Emmanuel Petrakis

Publisher: Edward Elgar Publishing

Published: 1999

Total Pages: 296

ISBN-13:

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Emissions taxes, tradeable emission permits and voluntary compliance policies are becoming the instruments of choice in controlling environmental problems at the national and international level. This text uses research in order to appraise their efficiency in varying market conditions.

Environmental Policy and Market Structure
Environmental Policy and Market Structure

Author: Carlo Carraro

Publisher: Springer Science & Business Media

Published: 2013-03-09

Total Pages: 220

ISBN-13: 940158642X

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One of the central tenets of this book is that governmental policies must be designed to take into account market characteristics and environmental phenomena - simultaneously. This volume contains a new research effort of the `Fondazione Eni Enrico Mattei' and explores the theoretical underpinnings of environmental policy in a sub-optimal world. Topics considered link economic issues (oligopolistic market structures, firm heterogeneity, and the strategic behavior of governments) to environmental issues (emission abatements, cleaner technologies, and environmental taxation). The articles in this volume were chosen to achieve a balance between breadth and depth and were written by leading experts in the field. In short, this book is rich in policy implications and raises new issues and questions for future research.

Market-based Approaches to Environmental Regulation
Market-based Approaches to Environmental Regulation

Author: Ted Gayer

Publisher: Now Publishers Inc

Published: 2006

Total Pages: 140

ISBN-13: 1933019379

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Market-based Approaches to Environmental Regulation reviews the economics literature of market-based environmental regulations and design issues for environmental taxes and cap-and-trade systems. It begins by reviewing the economics literature on the theory of market-based environmental regulations. It then goes on to cover design issues for environmental taxes and cap-and-trade systems. Market-based Approaches to Environmental Regulation also discusses the U.S. experience with a number of regulatory approaches that are commonly characterized as market-based and describes the mix of market and non-market instruments that characterize these policies. Market-based Approaches to Environmental Regulation will be of interest to all researchers and practitioners in the field of environmental regulation.