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Optimal pollution control in a mixed oligopoly with research spillovers

Haruna, Shoji; Goel, Rajeev K. - 2018

We study optimal pollution abatement under a mixed oligopoly game when firms engage in emissions-reducing R&D that is … certain conditions, the optimal pollution tax is positive; otherwise, the tax reverts to a subsidy. Comparing mixed and …

Persistent link: https://www.econbiz.de/10011800081

Optimal stabilization in an emission permits market

Gerlagh, Reyer; Wan, Roweno J.R.K - 2018

We develop a 2-period emission trading model for a stock pollutant with demand shocks resolving over time. We find precise conditions for efficiency of a stabilization mechanism where cumulative available permits decrease with excess supply in early periods. Our model describes the stabilization...

Persistent link: https://www.econbiz.de/10011810102

Regulating stock externalities

Gerlagh, Reyer; Heijmans, Roweno - 2018

We develop a dynamic regulation game for a stock externality under asymmetric information and future market uncertainty. Within this framework, regulation is characterized as the implementation of a welfare-maximization program conditional on informational constraints. We identify the most...

Persistent link: https://www.econbiz.de/10011939765

Prices versus quantities reassessed

Karp, Larry S.; Traeger, Christian - 2018

"Prices versus quantities" (Weitzman 1974), a hugely influential paper, is widely cited (and taught) in current debates about the best policy to reduce greenhouse gas emissions. The paper's criterion for ranking policies suggests that technological uncertainty favors taxes over cap and trade....

Persistent link: https://www.econbiz.de/10011927948

Decentralized environmental regulations and plant-level productivity

Ghosal, Vivek; Stephan, Andreas; Weiss, Jan F. - 2018

regulated due to its historically large contribution to air and water pollution. Our paper contributes to the broader empirical … and enforcement. Our key findings are: (1) prudential regulation limits expansion of plants with high initial pollution …

Persistent link: https://www.econbiz.de/10011906240

Public transport and urban pollution

Borck, Rainald - 2017

The paper studies the effect of public transport policies on urban pollution. It uses a quantitative equilibrium model … with residential choice and mode choice. Pollution comes from commuting and residential energy use. The model parameters … transport coupled with increasing transit speed affects the equilibrium. In the baseline simulation, total pollution falls by 0 …

Persistent link: https://www.econbiz.de/10011717025

Smart cap

Karp, Larry S.; Traeger, Christian - 2021

We introduce a "smart" cap and trade system that eliminates the welfare costs of asymmetric information (“uncertainty”). This cap responds endogenously to technology or macroeconomic shocks, relying on the market price of certificates to aggregate information. It allows policy makers to...

Persistent link: https://www.econbiz.de/10012438358

De-fueling externalities : causal effects of fuel taxation and mediating mechanisms for delivering climate and health benefits

Basaglia, Pier; Behr, Sophie M.; Drupp, Moritz A. - 2023 - This version: July 2023

reductions in external damages are health beneﬁts, highlighting the importance of accounting for co-pollution impacts of carbon …

Persistent link: https://www.econbiz.de/10014295072

Electoral incentives and firm behavior : evidence from U.S. power plant pollution abatement

Doyle, Matthew; Di Maria, Corrado; Lange, Ian; … - 2016

evidence that power plants spend less in water pollution abatement if the governor of the state where the plant is located is a … leads to increased pollution. …

Persistent link: https://www.econbiz.de/10011547829

Using output-based allocations to manage volatility and leakage in pollution markets

Meunier, Guy; Montero, Juan-Pablo; Ponssard, Jean-Pierre - 2017

Output-based allocations (OBAs) are typically used in emission trading schemes to mitigate leakage in sectors at risk. Recent work has shown they may also help to stabilize prices in markets subject to supply and demand shocks. We extend previous work to simultaneously include both leakage and...

Persistent link: https://www.econbiz.de/10011602735