G2TT
来源类型EfD Discussion Paper
规范类型论文
The regulatory choice of noncompliance in the lab: effect on quantities, prices, and implications for the design of a cost-effective policy
Chávez Rebolledo, Carlos; Other authors; Caffera, Marcelo
发表日期2016-03-31
出版年2016
语种英语
摘要

Caffera, Marcelo and Carlos Chávez Rebolledo. 2016. “The regulatory choice of noncompliance in the lab: effect on quantities, prices, and implications for the design of a cost-effective policy.” The B.E. Journal of Economic Analysis and Policy : .
Download reference Doi:10.1515/bejeap-2014-0202

Recent theoretical developments show the conditions under which it is cost effective for the regulator to induce perfect compliance in cap and trade programs. These conditions are based on the ability that a regulator with perfect information has to induce the firms to emit any desired level with different combinations of the number of permits supplied to the market and the monitoring probability, assuming that firms are expected profits maximizers. In this paper we test this hypothesis with a series of laboratory experiments.

Our results suggest that firms may behave significantly different from what these models predict precisely when the different combinations of the supply of permits and the monitoring probability induce compliance versus non-compliance. More specifically, by allowing non-compliance in a manner consistent with theory, the regulator could produce a decrease in emissions and an increase in the market price of tradable permits that is not predicted by the theoretical models. The implications for the cost-effective design of environmental policy are discussed.

主题Behavioral Experiments ; Policy Design
URLhttps://efdinitiative.org/publications/regulatory-choice-noncompliance-lab-effect-quantities-prices-and-implications-design
来源智库Environment for Development Initiative (Sweden)
资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/138228
推荐引用方式
GB/T 7714
Chávez Rebolledo, Carlos,Other authors,Caffera, Marcelo. The regulatory choice of noncompliance in the lab: effect on quantities, prices, and implications for the design of a cost-effective policy. 2016.
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