Intra-Industry Reallocations and Long-run Impacts of Environmental Regulations
Intra-Industry Reallocations and Long-run Impacts of Environmental Regulations
复制标题
DOI：
--
复制
发表时间：
2013-05
期刊：
影响因子：
--
通讯作者：
Yoshifumi Konishi;N. Tarui
中科院分区：
文献类型：
--
作者：
Yoshifumi Konishi;N. Tarui
我们调查的长期影响，环境管制的行业内分布的企业层面的生产率和由此产生的总变量。在一个考虑异质企业内生进入/退出的一般均衡模型中，企业的平均生产率和企业的数量都与政策工具（即排放税与排放交易）或许可分配规则的选择无关。在排放交易下，许可证的均衡价格低于支持相同总排放量的排放税率。一个不完整的排放市场会导致总排放量的净增加。
We investigate the long-run impact of environmental regulations on the intra-industry distribution of firm-level productivity and the resulting aggregate variables. In a general-equilibrium model that accounts for endogenous entry/exit of heterogeneous firms, neither the average productivity of firms nor the mass of firms is independent of the choice of policy instruments (i.e. emissions tax vs. emissions trading) or permit allocation rules. The equilibrium price of permits under emissions trading is lower than the emissions tax rate that would support the same aggregate emissions. An incomplete emissions market results in a net increase in combined aggregate emissions.