Emission Permit Trading Between Imperfectly Competitive Product Markets

被引：0
|
作者：
Guy Meunier
机构：
[1] Ecole Polytechnique,
来源：
Environmental and Resource Economics | 2011年 / 50卷
关键词：
Emission permit market; Demand uncertainty; Imperfect competition; Market integration; D82; D43; L13;
D O I：
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中图分类号：
学科分类号：
摘要：
The present paper analyzes the efficiency of emission permit trading between two imperfectly competitive product markets. Even if firms are price takers in permit markets, the integration of permit markets can decrease welfare because of imperfect competition in product markets. If there is asymmetric information between the regulator and firms, the integration of the permit markets could have a positive effect related to the flexibility of an integrated market; this flexibility can justify integrating the permit markets.
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页码：347 / 364
页数：17
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