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Volkswirtschaftliche Diskussionsbeiträge, Universität Siegen >
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http://hdl.handle.net/10419/57265
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| Title: | | Competitive trilateral lobbying for and against subsidizing green energy  |
| Authors: | | Pethig, Rüdiger |
| Issue Date: | | 2011 |
| Series/Report no.: | | Volkswirtschaftliche Diskussionsbeiträge, Universität Siegen, Fakultät III: Wirtschaftswissenschaften, Wirtschaftsinformatik und Wirtschaftsrecht 150-11 |
| Abstract: | | A small open economy operates a carbon emission trading scheme and subsidizes green energy. Taking cap-and-trade as given, we seek to explain the subsidy as the outcome of a trilateral tug of war between the green energy industry, the black energy industry and consumers. With parametric functions we fully solve the competitive economic equilibrium and the lobbying Nash equilibrium. We show how the resultant subsidy depends on the political influence of all three lobbying groups and we trace its determinants. Whether consumers have green preferences turns out to be crucial for the results. |
| Subjects: | | green preferences fossil fuel green energy green energy subsidy cap-and-trade overlapping regulation competitive lobbying, |
| JEL: | | Q42 Q43 Q52 Q54 D72 D78 H23 |
| Document Type: | | Working Paper |
| Appears in Collections: | | Volkswirtschaftliche Diskussionsbeiträge, Universität Siegen
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