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Prices Versus Quantities With Incomplete Enforcement
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Book Synopsis Prices Versus Quantities with Incomplete Enforcement by : Juan-Pablo Montero
Download or read book Prices Versus Quantities with Incomplete Enforcement written by Juan-Pablo Montero and published by . This book was released on 1999 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper extends Weitzman's (1974) "Prices vs. Quantities" to allow for incomplete enforcement. Whether the regulator uses prices (e.g., taxes) or quantities (e.g., tradeable quotas), a first-best design is always inefficient in the presence of incomplete enforcement. A second-best design that incorporates incomplete enforcement, and where cost and benefit curves are known with certainty, can be implemented equally well with either instrument. If benefit and cost curves are uncertain, however, a quantity instrument performs better than a price instrument. In fact, if the slopes of the marginal cost and marginal benefit curves are equal, quantities are always preferred over prices. Results are consistent to alternative enforcement policies.
Book Synopsis Prices Versus Quantities with Incomplete Enforcement by :
Download or read book Prices Versus Quantities with Incomplete Enforcement written by and published by . This book was released on 2002 with total page 454 pages. Available in PDF, EPUB and Kindle. Book excerpt: I study whether incomplete enforcement of a regulation has any impact on the choice between price (e.g., taxes) and quantity (e.g., tradeable quotas) instruments. Results indicate that a second-best design accounting for incomplete enforcement can be implemented equally well with either instrument as long as the benefit and cost curves are known with certainty. If these curves are uncertain to the regulator, however, the quantity instrument performs relatively better than the price instrument. The reason is the effective amount of control under the quantity instrument is no longer fixed, which makes this instrument come closer to a non-linear instrument.
Book Synopsis Prices Versus Quantities with Policy Updating by : William A. Pizer
Download or read book Prices Versus Quantities with Policy Updating written by William A. Pizer and published by . This book was released on 2016 with total page 26 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper considers how policy updates and trading of regulated quantities over time changes the traditional comparative advantage of prices versus quantities. Quantity regulation that can be traded over time leads firms to set current prices equal to expected future prices. A government seeking to maximize net societal benefits can take advantage of this behavior with a sequence of quantity policy updates that achieves the first best in all periods. Under price regulation where current prices remain fixed until future policy changes occur, no such opportunity exists to achieve the first best, and prices are never preferred. However, if we assume policy updates are driven in part by political "noise" rather than maximizing net societal benefits, the result changes and prices can again be preferred. The comparative advantage now depends the relative variance of noise shocks compared to true cost and benefit shocks. This contrasts sharply with the traditional comparative advantage that depends on the relative slopes of marginal costs and benefits. Applied to climate change, we estimate the comparative advantage of intertemporally tradable quantities (over prices) to be $2 billion over five years. This estimate grows if updates occur less frequently or could be made negative by political noise.
Book Synopsis Market-based Approaches to Environmental Regulation by : Ted Gayer
Download or read book Market-based Approaches to Environmental Regulation written by Ted Gayer and published by Now Publishers Inc. This book was released on 2006 with total page 140 pages. Available in PDF, EPUB and Kindle. Book excerpt: Market-based Approaches to Environmental Regulation reviews the economics literature of market-based environmental regulations and design issues for environmental taxes and cap-and-trade systems. It begins by reviewing the economics literature on the theory of market-based environmental regulations. It then goes on to cover design issues for environmental taxes and cap-and-trade systems. Market-based Approaches to Environmental Regulation also discusses the U.S. experience with a number of regulatory approaches that are commonly characterized as market-based and describes the mix of market and non-market instruments that characterize these policies. Market-based Approaches to Environmental Regulation will be of interest to all researchers and practitioners in the field of environmental regulation.
Book Synopsis The Design and Implementation of US Climate Policy by : Don Fullerton
Download or read book The Design and Implementation of US Climate Policy written by Don Fullerton and published by University of Chicago Press. This book was released on 2012-09-27 with total page 345 pages. Available in PDF, EPUB and Kindle. Book excerpt: "This book contains the proceedings of an NBER conference held in Washington, DC, on May 13-14, 2010"--Page xi.
Book Synopsis Moving to Markets in Environmental Regulation by : Jody Freeman
Download or read book Moving to Markets in Environmental Regulation written by Jody Freeman and published by OUP USA. This book was released on 2007 with total page 501 pages. Available in PDF, EPUB and Kindle. Book excerpt: Publisher description
Book Synopsis The Routledge Handbook of Environmental Economics in Asia by : Shunsuke Managi
Download or read book The Routledge Handbook of Environmental Economics in Asia written by Shunsuke Managi and published by Routledge. This book was released on 2015-02-11 with total page 691 pages. Available in PDF, EPUB and Kindle. Book excerpt: Problems of climate change, biodiversity and air pollution are clearly growing globally, but more particularly in Asia because of its economic importance and richness in nature. The increasing interest in environmental and resource economics applied in regions of Asia will make this book an outstanding resource to the existing literature, particularly in the fields of environmental and resource economics and the integration of applied content in traditional and agricultural development. At present there is no single handbook or text on the state of current knowledge in environmental economics in Asia or one which offers a comprehensive guide to students and academics on the subjects of environmental economics research. This book will help to fill the gap in the existing literature.
Book Synopsis Economic Modelling of Climate Change and Energy Policies by : Carlos de Miguel
Download or read book Economic Modelling of Climate Change and Energy Policies written by Carlos de Miguel and published by Edward Elgar Publishing. This book was released on 2006-01-01 with total page 244 pages. Available in PDF, EPUB and Kindle. Book excerpt: Climate change and energy consumption are at the forefront of current environmental debate. While energy is essential to the functioning and survival of our societies, the environmental impact that energy consumption is having, particularly on climate change, is a growing concern and the design and practicalities of energy and energy-related environmental policies are under constant scrutiny. This innovative new book not only addresses the economic assessment of environmental and energy policies but also discusses the efficiency and distributional consequences these policies have for producers and consumers. With contributions from leading academics in the field, this comprehensive volume uses a variety of methodological approaches with which to explore a number of pertinent issues, including several studies on the EU Emission Trading System, as well as more advanced topics such as indeterminacy and optimal environmental public policies, energy-saving technological progress, oil shocks and energy transitions and policy design. Combining theoretical and empirical work, this timely book is a significant contribution to the existing literature and deals with issues at the frontier of current economic knowledge. Economic Modelling of Climate Change and Energy Policies is a unique and informative book and will have widespread appeal amongst scholars, students and policymakers.
Book Synopsis Environmental Taxes and Policies for Developing Countries by : Neil Bruce
Download or read book Environmental Taxes and Policies for Developing Countries written by Neil Bruce and published by World Bank Publications. This book was released on 1993 with total page 82 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Climate Change Policy by : Dieter Helm
Download or read book Climate Change Policy written by Dieter Helm and published by Oxford University Press. This book was released on 2005-05-05 with total page 424 pages. Available in PDF, EPUB and Kindle. Book excerpt: The threat posed by climate change has not yet been matched by international agreements and economic policies that can deliver sharp reductions in greenhouse-gas emissions. Although the Kyoto Protocol has now been ratified by Russia and hence come into legal effect, the USA, China, and India are all outside its emissions caps. Few European countries are on course to meet their own national targets, and even if fully implemented, it is widely acknowledged that the Kyoto Protocolwould make little difference to the carbon concentrations in the atmosphere. In consequence, there is a search for a post-Kyoto framework, new institutions, and new economic policies to spread the costs and meet them in an economically efficient way. Carbon taxes and emissions trading are, in particular,being established in a number of developing countries. This volume provides an accessible overview of the economics of climate change, the policy options, and the scope for making significant carbon reductions.
Book Synopsis Recent Developments in Environmental Economics by : Michael Hoel
Download or read book Recent Developments in Environmental Economics written by Michael Hoel and published by Edward Elgar Publishing. This book was released on 2004 with total page 598 pages. Available in PDF, EPUB and Kindle. Book excerpt: This two-volume collection includes the most important and influential contributions to environmental economics during the last ten years. The articles cover a broad range of topics, and the collection gives an excellent overview over the present state of knowledge in the field. These timely volumes will be invaluable to students and researchers alike.
Book Synopsis Emissions Trading by : Thomas H. Tietenberg
Download or read book Emissions Trading written by Thomas H. Tietenberg and published by Routledge. This book was released on 2010-09-30 with total page 249 pages. Available in PDF, EPUB and Kindle. Book excerpt: First published in 1985, Emissions Trading was a comprehensive review of the first large-scale attempt to use economic incentives in environmental policy in the U.S. and of the empirical and theoretical research on which this approach is based. Since its publication it has consistently been one of the most widely cited works in the tradable permits literature. The second edition of this classic study of pollution reform considers how the use of transferable permits to control pollution has evolved, looks at how these programs have been implemented in the U.S. and internationally, and offers an objective evaluation of the resulting successes, failures, and lessons learned over the last twenty-five years.
Author :American Bar Association. House of Delegates Publisher :American Bar Association ISBN 13 :9781590318737 Total Pages :216 pages Book Rating :4.3/5 (187 download)
Book Synopsis Model Rules of Professional Conduct by : American Bar Association. House of Delegates
Download or read book Model Rules of Professional Conduct written by American Bar Association. House of Delegates and published by American Bar Association. This book was released on 2007 with total page 216 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Model Rules of Professional Conduct provides an up-to-date resource for information on legal ethics. Federal, state and local courts in all jurisdictions look to the Rules for guidance in solving lawyer malpractice cases, disciplinary actions, disqualification issues, sanctions questions and much more. In this volume, black-letter Rules of Professional Conduct are followed by numbered Comments that explain each Rule's purpose and provide suggestions for its practical application. The Rules will help you identify proper conduct in a variety of given situations, review those instances where discretionary action is possible, and define the nature of the relationship between you and your clients, colleagues and the courts.
Book Synopsis Environmental Regulation with Incomplete Information and Imperfect Monitoring by : Gregory Michael Ellis
Download or read book Environmental Regulation with Incomplete Information and Imperfect Monitoring written by Gregory Michael Ellis and published by . This book was released on 1992 with total page 294 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Renewable Energy Policy Convergence in the EU by : David Jacobs
Download or read book Renewable Energy Policy Convergence in the EU written by David Jacobs and published by Routledge. This book was released on 2016-03-23 with total page 313 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book examines the coordination of renewable energy policies in the European Union using an innovative theoretical approach to explain national policy making. David Jacobs asks, why are national support instruments for electricity from renewable energy sources converging, even though the harmonisation of these frameworks at the European level has failed? Which causal mechanisms lead to cross-national policy similarities? And what are the implications for policy coordination in the EU? The author traces the evolution of feed-in tariffs - the most successful and most widely used support mechanism for renewable electricity - in Germany, Spain and France. He reveals increasing cross-national policy similarities in feed-in tariff design - despite the failure of harmonizing instruments at the European level. He explains these increasing policy similarities by applying policy convergence theory. Policy convergence can occur voluntarily, based on transnational communication, regulatory competition and technological innovations and these findings have important implications for European policy steering. The key to this book is the interrelation of an innovative theoretical concept (coordination of policies in the international arena via voluntary cooperation) with a very topical empirical research focus - the promotion of renewable energies in the EU. It will be essential reading for scholars and students of environmental policy, comparative politics and European studies.
Book Synopsis Complying with the telemarketing sales rule by :
Download or read book Complying with the telemarketing sales rule written by and published by . This book was released on 2004 with total page 62 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Earnings Management, Fintech-Driven Incentives and Sustainable Growth by : Michael I. C. Nwogugu
Download or read book Earnings Management, Fintech-Driven Incentives and Sustainable Growth written by Michael I. C. Nwogugu and published by Routledge. This book was released on 2019-11-01 with total page 275 pages. Available in PDF, EPUB and Kindle. Book excerpt: Traditional research about Financial Stability and Sustainable Growth typically omits Earnings Management (as a broad class of misconduct), Complex Systems Theory, Mechanism Design Theory, Public Health, psychology issues, and the externalities and psychological effects of Fintech. Inequality, Environmental Pollution, Earnings Management opportunities, the varieties of complex Financial Instruments, Fintech, Regulatory Fragmentation, Regulatory Capture and real-financial sector-linkages are growing around the world, and these factors can have symbiotic relationships. Within Complex System theory framework, this book analyzes these foregoing issues, and introduces new behaviour theories, Enforcement Dichotomies, and critiques of models, regulations and theories in several dimensions. The issues analyzed can affect markets, and evolutions of systems, decision-making, "nternal Markets and risk-perception within government regulators, operating companies and investment entities, and thus they have Public Policy implications. The legal analysis uses applicable US case-law and statutes (which have been copied by many countries, and are similar to those of many common-law countries). Using Qualitative Reasoning, Capital Dynamics Theory (a new approach introduced in this book), Critical Theory and elements of Mechanism Design Theory, the book aims to enhance cross-disciplinary analysis of the above-mentioned issues; and to help researchers build better systems/Artificial-Intelligence/mathematical models in Financial Stability, Portfolio Management, Policy-Analysis, Asset Pricing, Contract Theory, Enforcement Theory and Fraud Detection. The primary audience for this book consists of university Professors, PHD students and PHD degree-holders (in industries, government agencies, financial services companies and research institutes). The book can be used as a primary or supplementary textbook for graduate courses in Regulation; Capital Markets; Law & Economics, International Political Economy and or Mechanism Design (Applied Math, Operations Research, Computer Science or Finance).
