| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w18645 |
| 来源ID | Working Paper 18645 |
| Market-Based Emissions Regulation and Industry Dynamics | |
| Meredith Fowlie; Mar Reguant; Stephen P. Ryan | |
| 发表日期 | 2012-12-21 |
| 出版年 | 2012 |
| 语种 | 英语 |
| 摘要 | We assess the long-run dynamic implications of market-based regulation of carbon dioxide emissions in the US Portland cement industry. We consider several alternative policy designs, including mechanisms that use production subsidies to partially offset compliance costs and border tax adjustments to penalize emissions associated with foreign imports. Our results highlight two general countervailing market distortions. First, following Buchanan (1969), reductions in product market surplus and allocative inefficiencies due to market power in the domestic cement market counteract the social benefits of carbon abatement. Second, trade exposure to unregulated foreign competitors leads to emissions "leakage" which offsets domestic emissions reductions. Taken together, these forces result in social welfare losses under policy regimes that fully internalize the emissions externality. In contrast, market-based policies that incorporate design features to mitigate the exercise of market power and emissions leakage can deliver welfare gains. |
| 主题 | Industrial Organization ; Regulatory Economics ; Environmental and Resource Economics ; Environment |
| URL | https://www.nber.org/papers/w18645 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/576320 |
| 推荐引用方式 GB/T 7714 | Meredith Fowlie,Mar Reguant,Stephen P. Ryan. Market-Based Emissions Regulation and Industry Dynamics. 2012. |
| 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 | ||
| w18645.pdf（603KB） | 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。
