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- Coria, Jessica, 1979, et al.
(författare)
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To Trade or Not to Trade: Firm-Level Analysis of Emissions Trading in Santiago, Chile
- 2009
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Rapport (övrigt vetenskapligt/konstnärligt)abstract
- Whether tradable permits are appropriate for use in transition and developing economies—given special social and cultural circumstances, such as the lack of institutions and lack of expertise with market‐based policies—is much debated. We conducted interviews and surveyed a sample of firms subject to emissions trading programs in Santiago, Chile, one of the first cities outside the OECD that has implemented such trading. The information gathered allow us to study what factors affect the performance of the trading programs in practice and the challenges and advantages of applying tradable permits in less developed countries.
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- Coria, Jessica, 1979, et al.
(författare)
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Tradable Permits in Developing Countries: Evidence from air pollution in Santiago, Chile
- 2008
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Rapport (övrigt vetenskapligt/konstnärligt)abstract
- Santiago was one of the first cities outside the OECD to implement a tradable permit program to control air pollution. This paper looks closely at the program?s performance over the past ten years, stressing its similarities and discrepancies with trading programs implemented in developed countries, and analyzing how it has reacted to regulatory adjustments and market shocks. Studying Santiago's experience allows us to discuss the drawbacks and advantages of applying tradable permits in less developed countries
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- Coria, Jessica, 1979
(författare)
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Unintended Impacts of Multiple Instruments on Technology Adoption
- 2009
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Rapport (övrigt vetenskapligt/konstnärligt)abstract
- There are many situations where environmental authorities use a mix of environmental policy instruments, rather than one single instrument, to address environmental concerns. For example, one instrument may be used to reduce overall emissions of a pollutant while another is used to address specific seasonal concerns. Very little work has been done on the economic impacts of the application of multiple instruments. This paper investigates the unintended impacts of the interaction of a tradable permits scheme with direct seasonal regulations on the rate of adoption of advanced abatement technologies.
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- Villegas Palacio, Clara, 1974, et al.
(författare)
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Taxes, Permits and the Adoption of Abatement Technology under Imperfect Compliance
- 2009
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Rapport (övrigt vetenskapligt/konstnärligt)abstract
- This paper analyzes the effects of the choice between price-based and quantity-based emission regulations on compliance incentives and social welfare in the presence of incomplete enforcement and technology adoption. We show that in contrast to taxes, the extent of violations under tradable emission permits (TEPs) decreases with the rate of technology adoption. However, in terms of welfare, the ranking of the instruments is not so straightforward: taxes induce lower emission damages while TEPs induce lower abatement, investment, and expected enforcement costs. Thereby, the overall ranking depends on the extent to which these effects offset each other.
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