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| Author: | Sartzetakis, E. |
| Title: | Tradeable emission permits regulations in the presence of imperfectly competitive product markets: welfare implications |
| Journal: | Environmental and Resource Economics
1997 : JAN, VOL. 9:1, p. 65-81 |
| Index terms: | ENVIRONMENTAL ECONOMICS TRADE PRODUCT MARKETING |
| Language: | eng |
| Abstract: | In the present paper, the author analyses the interaction of a competitive market for emission permits with an oligopolistic product market. It is well known that a competitive permits market achieves the cost minimizing distribution of abatement effort among the polluting firms for a given reduction in emissions. However, when the product market is oligopolistic, it may redistribute production inefficiently among firms. It has been suggested that this inefficiency can outweigh the gains obtained from using emission permits instead of command and control. |
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