Emissions Trading, Firm Heterogeneity, and Intra-industry Reallocations in the Long Run
Emissions Trading, Firm Heterogeneity, and Intra-industry Reallocations in the Long Run
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DOI：
10.1086/679905
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发表时间：
2015-01
影响因子：
3.6
通讯作者：
Yoshifumi Konishi;N. Tarui
中科院分区：
文献类型：
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作者：
Yoshifumi Konishi;N. Tarui
从长远来看，环境法规的设计对行业内和行业间公司的规模分布和数量具有重大影响。在考虑异质性企业内生进入和内生退出的一般均衡模型中，排放交易对福利的影响被分析分解为对全经济收入、企业数量、企业规模分布、产出加价和要素价格的影响。对规模分布和许可证价格的扭曲影响取决于许可证分配的条件性、进出口条件和合计会计条件变化之间的相互作用、进入的要素强度以及排放交易中非污染密集型部门的覆盖范围。
Design of environmental regulation has substantial implications for size distribution and mass of firms within and across industries in the long run. In a general equilibrium model that accounts for endogenous entry and exit of heterogeneous firms, the welfare impacts of emissions trading are analytically decomposed into the effects on economy-wide income, mass of firms, firm size distribution, output price markups, and factor prices. Distortionary impacts on size distribution and permit price depend on the conditionality of permit distribution, interactions between changes in entry-exit conditions and in aggregate accounting conditions, the factor intensity of entry, and coverage of non-pollution-intensive sectors in emissions trading.