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Author: | Chavez, C. A. Stranlund, J. K. |
Title: | Enforcing transferable permit systems in the presence of market power |
Journal: | Environmental and Resource Economics
2003 : MAY, VOL. 25:1, p. 65-78 |
Index terms: | Environmental policy Pollution control Cost effectiveness |
Language: | eng |
Abstract: | The authors show that the presence of a firm with market influence makes designing an enforcement strategy more difficult than enforcing a perfectly competitive system. They also re-consider Hahn's (1984) suggestion that a firm with market influence should be allocated permits so that it chooses to not participate in the permit market. |
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