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| Title: | | Costos de cumplimiento de regulación ambiental con información incompleta: Aplicación a fuentes fijas del PCE de Santiago, Chile  |
| Authors: | | Clerger, Gaspard Chávez, Carlos Villena, Mauricio Gómez, Walter |
| Issue Date: | | 2009 |
| Citation: | | [Journal:] Estudios de Economía [ISSN:] 0718-5286 [Volume:] 36 [Year:] 2009 [Issue:] 2 [Pages:] 165-190 |
| Abstract (Translated): | | We study the cost-effectiveness of a transferable emissions permit system (TEPS) vis a vis a system of emissions standards. Our analysis includes along with abatement costs, the costs of enforcing the system to induce compliance. Further, the analysis considers complete and incomplete information. The numerical simulations are performed for the case of fixed sources operating under the Emissions Compensation Program (ECP) in Santiago, Chile. The results suggest that a TEPS is not able to induce compliance at minimum enforcement costs, but this regulatory system allow the regulator to achieve the environmental target with minimum aggregate compliance costs. |
| Subjects: | | environmental policy cost-effectiveness enforcement costs incomplete information |
| JEL: | | L51 Q28 K42 K32 |
| Document Type: | | Article |
| Appears in Collections: | | Estudios de Economia, Department of Economics, University of Chile
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