Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/155007
Authors: 
Brau, Rinaldo
Carraro, Carlo
Year of Publication: 
1999
Series/Report no.: 
Nota di Lavoro, Fondazione Eni Enrico Mattei 53.1999
Abstract: 
This paper surveys the recent literature devoted to the analysis of the interactions between the adoption of voluntary or negotiated agreements as a tool of environmental policy and market structure. The goal of this survey is twofold. On the one hand, we would like to identify the market environment which is most favourable to the adoption of voluntary approaches, namely whether these are more likely to be signed within industries that are more or less concentrated. On the other hand, we aim at assessing the effects of voluntary approaches on market structure and industry concentration. Our findings suggest that the signature of voluntary approaches is favoured by a situation in which industry is more concentrated. Moreover, the adoption of voluntary approaches is likely to further increase industry concentration. This clearly raises a trade-off between environmental benefits and economic costs provided by the adoption of voluntary approaches that must be dealt with an appropriate policy-mix.
Subjects: 
Environmental regulation
Voluntary approaches
Market structure
Competition
JEL: 
L1
L59
Q00
Q28
Document Type: 
Working Paper

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