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On The Strategic Ef...
On The Strategic Effect of International Permits Trading on Local Pollution: The Case of Multiple Pollutants
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Antoniou, Fabio (författare)
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- Kyriakopoulou, Efthymia, 1982 (författare)
- Gothenburg University,Göteborgs universitet,Institutionen för nationalekonomi med statistik,Institutionen för nationalekonomi med statistik, Enheten för miljöekonomi,Department of Economics,Department of Economics, Environmental Economics Unit
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(creator_code:org_t)
- Göteborg : University of Gothenburg, 2015
- Engelska.
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Serie: Working Papers in Economics (online), 1403-2465
- Relaterad länk:
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https://gup.ub.gu.se...
Abstract
Ämnesord
Stäng
- We introduce a model of strategic environmental policy where two firms compete à la Cournot in a third market under the presence of multiple pollutants. Two types of pollutants are introduced, a local and a transboundary one. The regulator can only control local pollution as transboundary pollution is regulated internationally. The strategic effect present in the original literature is also replicated in this setup. However, we illustrate that when transboundary pollution is regulated through the use of tradable emission permits instead of non-tradable ones then a new strategic effect appears which had not been identified thus far. In this case, local pollution increases further and welfare is lowered. We also provide evidence from the implementation of EU ETS over the pollution of PM10 and PM2.5.
Ämnesord
- SAMHÄLLSVETENSKAP -- Ekonomi och näringsliv -- Nationalekonomi (hsv//swe)
- SOCIAL SCIENCES -- Economics and Business -- Economics (hsv//eng)
Nyckelord
- Environmental regulation
- multiple pollutants
- (non) tradable permits
- strategic interactions
Publikations- och innehållstyp
- vet (ämneskategori)
- rap (ämneskategori)