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This paper evaluates the effects of the lack of regulatory commitment on emission tax applied by the regulator … find that the lack of commitment leads to lower taxation and abatement that yield larger emissions and, consequently, a … social welfare. Thus, our analysis indicates that the lack of commitment has a negative impact of welfare although this …
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Part I Merger Incentives in Pollution Intensive Industries -- Merger Incentives and the Natural Environment -- Mergers in Cournot Markets with Environmental Externality and Product Differentiation -- The Impact of Foreign Emission Tax on Domestic Merger Profitability -- Electric Utility Mergers...
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