Regulating an Externality-Generating Utility Environmental Taxes Under Limited Information
AbstractGlobal warming is currently an important item on most nationalenvironmental agendas. In many countries, coal-fired electricity generatingstations represent an important source of greenhouse gases. We examinehow regulations to curb emissions affect public utility pricing regulationwhen regulators act non-cooperatively. We show that, when there is limitedinformation on fixed abatement costs, an environmental regulator prefersan emission tax over an output tax or a lump sum environmental tax. Thepublic utility regulator prefers the lump sum tax regime. Copyright Kluwer Academic Publishers 2002
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Bibliographic InfoArticle provided by European Association of Environmental and Resource Economists in its journal Environmental and Resource Economics.
Volume (Year): 21 (2002)
Issue (Month): 2 (February)
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Web page: http://www.springerlink.com/link.asp?id=100263
adverse selection; electricity pricing; environmental taxes;
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