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| Tekijä: | Rubin, J. Leiby, P.N. Greene, D.L. |
| Otsikko: | Tradable fuel economy credits: Competition and oligopoly |
| Lehti: | Journal of Environmental Economics and Management
2009 : NOV, VOL. 58:3, p. 315-328 |
| Asiasana: | energy conservation cost benefit analysis competition oligopoly manufacturing cars fuel efficiency trading |
| Vapaa asiasana: | credits automobile industry |
| Kieli: | eng |
| Tiivistelmä: | The minimum standards for fuel efficiency for vehicle manufacturers to be met independently are specified by Corporate average fuel economy (CAFE) regulations. Herein, designed is a system of tradeable fuel economy credits allowing for trading across vehicle classes and manufacturers with and without considering market power in the credit market. Numerical simulations are performed to measure the potential cost savings from moving from the current CAFE system to one with stricter standards. Yet, that would offer vehicle manufacturers several levels of increased flexibility. It is found that the ability for each manufacturer to average credits btw. its cars and trucks provides a large percentage of the potential savings. As expected, the greatest savings come from the greatest flexibility in the credit system etc. |
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