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dc.contributor.authorHahmeier, Marken_US
dc.date.accessioned2009-09-17en_US
dc.date.accessioned2010-05-14T12:02:00Z-
dc.date.available2010-05-14T12:02:00Z-
dc.date.issued2009en_US
dc.identifier.urihttp://hdl.handle.net/10419/32221-
dc.description.abstractThis 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.isoengen_US
dc.publisherMax Planck Inst. for Research on Collective Goods Bonnen_US
dc.relation.ispartofseriesPreprints of the Max Planck Institute for Research on Collective Goods 2009,27en_US
dc.subject.jelH23en_US
dc.subject.jelL51en_US
dc.subject.jelL94en_US
dc.subject.jelQ54en_US
dc.subject.jelQ58en_US
dc.subject.ddc330en_US
dc.subject.keywordClimate changeen_US
dc.subject.keywordregulationen_US
dc.subject.keywordtaxesen_US
dc.subject.keywordemission permitsen_US
dc.subject.keywordmarket poweren_US
dc.subject.keywordgasen_US
dc.subject.keywordwelfareen_US
dc.titlePrices versus quantities in electricity generationen_US
dc.typeWorking Paperen_US
dc.identifier.ppn608966916en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
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