Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/32221 
Autor:innen: 
Erscheinungsjahr: 
2009
Schriftenreihe/Nr.: 
Preprints of the Max Planck Institute for Research on Collective Goods No. 2009,27
Verlag: 
Max Planck Institute for Research on Collective Goods, Bonn
Zusammenfassung: 
This paper examines the prices versus quantities issue, originally raised by Weitzman [8], in the context of carbon dioxide emissions and with a special focus on electricity generation. Within a simpli ed model of the electricity market, in which we explicitly allow for a monopolistic gas supplier, we employ a game-theoretic approach and ask, from a welfare perspective, for the superior regulatory regime in response to an expected exercise of market power. Our analysis studies the optimal regulation in each regime and shows that, in the presence of market power in the gas market, taxes rather than permits are the regulator's welfare-maximizing regime choice.
Schlagwörter: 
Climate change
regulation
taxes
emission permits
market power
gas
welfare
JEL: 
H23
L51
L94
Q54
Q58
Dokumentart: 
Working Paper

Datei(en):
Datei
Größe
815.24 kB





Publikationen in EconStor sind urheberrechtlich geschützt.