Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/43491 
Erscheinungsjahr: 
2010
Schriftenreihe/Nr.: 
Nota di Lavoro No. 2010,2
Verlag: 
Fondazione Eni Enrico Mattei (FEEM), Milano
Zusammenfassung: 
In this paper we examine an alternative policy scenario, where governments allow polluting firms to trade permits in a strategic environmental policy model. We demonstrate, among other things, that with no market power in the permits market, governments of the exporting firms do not have an incentive to under-regulate pollution in order to become more competitive. This strategic effect is reversed and leads to a welfare level closer to the cooperative one and strictly higher to that when permits are non-tradable. Allowing for market power in the permits market, the incentive to under-regulate pollution re-appears regardless of whether permits are tradable or not. With tradable permits, however, the incentive to under-regulate pollution is comparatively weaker relative to the case of non-tradable permits. This entails potential benefits for the exporting firms and countries since the prisoners' dilemma is moderated.
Schlagwörter: 
Strategic Environmental Policy
Tradable Permits
Race to the top
JEL: 
Q58
F12
F18
Dokumentart: 
Working Paper

Datei(en):
Datei
Größe
304.42 kB





Publikationen in EconStor sind urheberrechtlich geschützt.