Market-based pollution regulations with damages Varying across space: When the adoption of clean Technology is socially optimal
Market-based pollution regulations with damages Varying across space: When the adoption of clean Technology is socially optimal
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基于市场的污染监管,造成损害 不同空间的污染监管不同:当采用清洁技术对社会而言是最优的时
DOI:
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发表时间:
2018
期刊:
影响因子:
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通讯作者:
Minggao Xue
中科院分区:
文献类型:
--
作者:
Xiaoyan Wang;Minggao Xue
For much of the pollution currently regulated by governments, resulting damages depend on the locations of emission sources. Market-based differentiated policies including differentiated taxes and differentiated emissions trading are designed to reflect spatially variant damages with differentiated emissions penalties. We evaluate differentiated policies from the perspective of clean technology adoption. In equilibrium, a firm may act as what regulator initially expects, which equates the firm’s marginal damage to its marginal abatement cost; or else, the regulator sets a lower (higher) tax rate or trading ratio to stimulate the firm not to (to) adopt clean technology. Accordingly, differentiated policies lead to the socially optimal degree of adoption. And they provide greater incentives for firms in high damage locations to adopt clean technology. However, when imperfect information or uncertainty is considered, differentiated policies may not perform better than existing market-based policies. Overinvestment or underinvestment is possible. Moreover, we study a special case where marginal damages are constant. It shows differentiated taxes could still induce the socially optimal adoption even with incompleteness about abatement costs.
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