| 来源类型 | FEEM working papers "Note di lavoro" series
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| 规范类型 | 论文
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| The Combined Use of Taxation and Voluntary Agreements for Energy Policy |
| Katrin Millock
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| 发表日期 | 2000
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| 出处 | Climate Change and Sustainable Development
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| 出版年 | 2000
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| 语种 | 英语
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| 摘要 | The paper models the combined use of taxation and voluntary agreements when there is asymmetric information between the regulator and industry on the firms' actual emissions. The model incorporates the following features: 1) the regulator does not know the firm's special production characteristics and actual emissions; 2) the regulator offers a policy into which firms self-select according to type; 3) energy audits are costly; 4) systematic factors determine whether a firm choose to sign a voluntary agreement or not. The analysis offers a characterisation of voluntary agreements as a trade-off between incurring audit costs and other transaction costs for a voluntary agreement and obtaining detailed information on emissions allowing better targeting of policy. This brings a new argument into the existing literature, where it sometimes is claimed that voluntary agreements lower transaction costs compared to other policy. Conditions are obtained that determine the characteristics of firms that opt to sign a voluntary agreement. In particular, it is shown that the efficiency of the scheme depends on the transaction costs related to the agreements, the environmental damage cost, and the responsiveness in the firm's emissions to the proposed measures following the energy audit. The model cautions that it is feasible that the firms signing voluntary agreements are energy-efficient firms, benefiting from an implicit subsidy for energy efficiency investments that would have been undertaken anyway. |
| 特色分类 | D82,Q48
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| 关键词 | Voluntary agreements,energy policy,asymmetric information,transaction costs
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| URL | https://www.feem.it/en/publications/feem-working-papers-note-di-lavoro-series/the-combined-use-of-taxation-and-voluntary-agreements-for-energy-policy/
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| 来源智库 | Fondazione Eni Enrico Mattei (Italy)
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| 资源类型 | 智库出版物
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| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/116602
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推荐引用方式
GB/T 7714 |
Katrin Millock. The Combined Use of Taxation and Voluntary Agreements for Energy Policy. 2000.
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文件名：
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NDL2000-109.pdf
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格式：
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Adobe PDF
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