| 来源类型 | FEEM working papers "Note di lavoro" series |
| 规范类型 | 论文 |
| Enforcement and Environmental Quality in a Decentralized Emission Trading System | |
| Alessio D'Amato; Edilio Valentini | |
| 发表日期 | 2008 |
| 出处 | Climate Change and Sustainable Development |
| 出版年 | 2008 |
| 语种 | 英语 |
| 摘要 | This paper addresses the issue of whether the powers of monitoring compliance and allocating tradeable emissions allowances within a federation of countries should be appointed to a unique federal regulator or decentralized to several local regulators. To this end, we develop a two stage game played by environmental regulator(s) and the polluting industries of two countries. Regulator(s) choose the amount of emission allowances to be issued and set the level of monitoring effort to achieve full compliance, while regulated firms choose actual emissions and the number of permits to be held. We identify various, possibly conflicting, spillovers among states in a decentralized setting. We show that cost advantage in favor of local regulators is not sufficient to justify decentralization. Nevertheless, cost differential in monitoring violations can imply lower emissions and greater welfare under a decentralized institutional setting than under a centralized one. However, while a better environmental quality under decentralization is a sufficient condition for higher welfare under the same regime, it is not also a necessary condition. *** Suggested citation: Alessio D'Amato and Edilio Valentini, 2011. "Enforcement and environmental quality in a decentralized emission trading system," Journal of Regulatory Economics, Springer, vol. 40(2), pages 141-159, October, http://dx.doi.org/10.1007/s11149-011-9153-4 |
| 特色分类 | F18,K42,Q53 |
| 关键词 | Emissions Trading,Environmental Federalism,Enforcement,Monitoring Cost |
| URL | https://www.feem.it/en/publications/feem-working-papers-note-di-lavoro-series/enforcement-and-environmental-quality-in-a-decentralized-emission-trading-system/ |
| 来源智库 | Fondazione Eni Enrico Mattei (Italy) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/117621 |
| 推荐引用方式 GB/T 7714 | Alessio D'Amato,Edilio Valentini. Enforcement and Environmental Quality in a Decentralized Emission Trading System. 2008. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| NDL2008-097.pdf（274KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
除非特别说明，本系统中所有内容都受版权保护，并保留所有权利。
