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	Provedor de dados AgEcon (2) Autor Karp, Larry S. (2) Palavra-chave C79 (2) California AB32 (2) Climate change policies (2) Coordination games (2) Environmental Economics and Policy (2) Global games (2) L51 (2) Multiple equilibria (2) Q58 (2) Regulatory uncertainty (2) Tradable permits (2) Research Methods/ Statistical Methods (1) Mais... Tipo do documento Conference Paper or Presentation (1) Working or Discussion Paper (1) Ano 2008 (2) País United States (2) Idioma Inglês (2)		Ordenar por:  Relevância Autor Título Ano Registros recuperados: 2 Primeira ... 1 ... Última Correct (and misleading) argument for using market-based pollution control policies AgEcon Karp, Larry S.. One argument in favor of market based pollution control policies is sometimes exaggerated, and a different argument is usually ignored. Regardless of whether investment is fixed or endogenous, market based policies might lead to a higher or lower equilibrium abatement compared to the level under command and control policies. Therefore, economists should be cautious about trying to convince anti-market environmentalists of the benefit of market based policies on the grounds that these promote environmental goals. However, market based policies reduce regulatory uncertainty. Under command and control emissions policies, there are multiple rational expectations competitive equilibria at the investment stage. From the standpoint of individual firms, this... Tipo: Conference Paper or Presentation Palavras-chave: Tradable permits; Coordination games; Multiple equilibria; Global games; Regulatory uncertainty; Climate change policies; California AB32; Environmental Economics and Policy; C79; L51; Q58. Ano: 2008 URL: http://purl.umn.edu/6030 Correct (and misleading) arguments for using market based pollution control policies AgEcon Karp, Larry S.. Disagreement over the form of regulation of greenhouse gasses motivates a comparison of market based and command and control policies. More efficient policies can increase aggregate marginal abatement cost, resulting in higher emissions. Multiple investment equilibria and “regulatory uncertainty” arise when firms anticipate command and control policies. Market based policies eliminate this uncertainty. Command and control policies cause firms to imitate other firms’ investment decisions, leading to similar costs and small potential efficiency gains from trade. Market based policies induce firms to make different investment decisions, leading to different costs and large gains from trade. We imbed the regulatory problem in a “global game” and show that the... Tipo: Working or Discussion Paper Palavras-chave: Tradable permits; Coordination games; Multiple equilibria; Global games; Regulatory uncertainty; Climate change policies; California AB32; Environmental Economics and Policy; Research Methods/ Statistical Methods; C79; L51; Q58. Ano: 2008 URL: http://purl.umn.edu/42868 Registros recuperados: 2 Primeira ... 1 ... Última

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