Fiche du document
30 août 2021
- ISIDORE Id: 10670/1.bc3a33...
- hal: hal-03328947
info:eu-repo/semantics/OpenAccess
Mots-clés
cap-and-trade system imperfect competition end-of-pipe abatement process-integrated abatement reserve for entrants -fin]Sujets proches
Applied science Arts, Useful Useful arts Science, AppliedCiter ce document
Clémence Christin et al., « Pollution Permits in Oligopolies: The role of abatement technologies », HAL SHS (Sciences de l’Homme et de la Société), ID : 10670/1.bc3a33...
Métriques
Partage / Export
Résumé
This paper examines, under imperfect competition, the effect of a cap-and-trade system on industry profits and the interaction between cap-and-trade system and the evolution of the market structure, both depending on the type of abatement technologies used by firms. Two extreme types are considered: end-of-pipe abatement technology-meaning, filtration and other mechanisms that are largely independent of production decisionsand process-integrated technology, which entails integrating cleaner or more energy-efficient methods into production. This paper prescribes that the distribution of free allocation should depend on the kind of abatement technologies. Finally, a reserve of pollution permits for new entrants is justified when the industry uses a process-integrated abatement technology, while a system with a preemption right may be justified in the case of end-of-pipe abatement technology.
