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Max Planck Institute for Research on Collective Goods, Bonn >
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Please use this identifier to cite or link to this item:
http://hdl.handle.net/10419/32221
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Full metadata record
| DC Field | | Value | | Language |
| dc.contributor.author | | Hahmeier, Mark | | en_US |
| dc.date.accessioned | | 2009-09-17 | | en_US |
| dc.date.accessioned | | 2010-05-14T12:02:00Z | | - |
| dc.date.available | | 2010-05-14T12:02:00Z | | - |
| dc.date.issued | | 2009 | | en_US |
| dc.identifier.uri | | http://hdl.handle.net/10419/32221 | | - |
| dc.description.abstract | | 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. | | en_US |
| dc.language.iso | | eng | | en_US |
| dc.publisher | | Max Planck Inst. for Research on Collective Goods Bonn | | en_US |
| dc.relation.ispartofseries | | Preprints of the Max Planck Institute for Research on Collective Goods 2009,27 | | en_US |
| dc.subject.jel | | H23 | | en_US |
| dc.subject.jel | | L51 | | en_US |
| dc.subject.jel | | L94 | | en_US |
| dc.subject.jel | | Q54 | | en_US |
| dc.subject.jel | | Q58 | | en_US |
| dc.subject.ddc | | 330 | | en_US |
| dc.subject.keyword | | Climate change | | en_US |
| dc.subject.keyword | | regulation | | en_US |
| dc.subject.keyword | | taxes | | en_US |
| dc.subject.keyword | | emission permits | | en_US |
| dc.subject.keyword | | market power | | en_US |
| dc.subject.keyword | | gas | | en_US |
| dc.subject.keyword | | welfare | | en_US |
| dc.title | | Prices versus quantities in electricity generation | | en_US |
| dc.type | | Working Paper | | en_US |
| dc.identifier.ppn | | 608966916 | | en_US |
| dc.rights | | http://www.econstor.eu/dspace/Nutzungsbedingungen | | - |
| Appears in Collections: | | Preprints of the Max Planck Institute for Research on Collective Goods
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