| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP12584 |
| DP12584 Interlinked Firms and the Consequences of Piecemeal Regulation | |
| Gianmarco Leon-Ciliotta; Jonas Hjort; Christopher Hansman | |
| 发表日期 | 2018-01-12 |
| 出版年 | 2018 |
| 语种 | 英语 |
| 摘要 | Industrial regulations are typically designed with a particular policy objective and set of firms in mind. When input-output linkages connect firms across sectors, such "piecemeal" regulations may worsen externalities elsewhere in the economy. Using daily administrative and survey data, we show that in Peru's industrial fishing sector, the world's largest, air pollution from downstream (fishmeal) manufacturing plants caused 55,000 additional respiratory hospital admissions per year as a consequence of the introduction of individual property rights (over fish) upstream. The upstream regulatory change removed suppliers' incentive to "race" for the resource and enabled market share to move from inefficient to efficient downstream firms. As a result, the reform spread downstream production out across time, as predicted by a conceptual framework of vertically connected sectors. We show evidence consistent with the hypothesis that longer periods of moderate air polluting production can be worse for health than concentrating a similar amount of production in shorter periods. Our findings demonstrate the risks of piecemeal regulatory design in interlinked economies. |
| 主题 | Development Economics ; Industrial Organization ; Public Economics |
| 关键词 | Industrial regulations Coasian solutions Air pollution Externalities |
| URL | https://cepr.org/publications/dp12584 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/541395 |
| 推荐引用方式 GB/T 7714 | Gianmarco Leon-Ciliotta,Jonas Hjort,Christopher Hansman. DP12584 Interlinked Firms and the Consequences of Piecemeal Regulation. 2018. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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