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- W1006186936 abstract "This paper analyzes the long-term investment decisions of firms that are regulated by an emissions tax and that perceive a degree of market power in their respective output markets. Firms invest in abatement equipment that is fixed over the medium term (e.g., buying a new generator). This paper focuses on environmental regulation with and without commitment. In the commitment case, the government announces a long-run tax on emissions, and firms decide upon their investment levels. In the no-commitment case, the regulator announces a tax level and is free to modify it once firms have invested. This paper considers differentiated product goods and determines whether no-commitment regulation leads to more lenient or more stringent regulation than regulation with commitment." @default.
- W1006186936 created "2016-06-24" @default.
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- W1006186936 date "2013-01-01" @default.
- W1006186936 modified "2023-09-25" @default.
- W1006186936 title "Ex-Ante vs. Ex-Post Pollution Permit Regulation under Imperfect Competition" @default.
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- W1006186936 doi "https://doi.org/10.2139/ssrn.2360072" @default.
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