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Emission Permit Trading Between Imperfectly Competitive Product Markets

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  • Guy Meunier

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Abstract

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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File URL: http://hdl.handle.net/10.1007/s10640-011-9475-9
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Bibliographic Info

Article provided by European Association of Environmental and Resource Economists in its journal Environmental and Resource Economics.

Volume (Year): 50 (2011)
Issue (Month): 3 (November)
Pages: 347-364

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Handle: RePEc:kap:enreec:v:50:y:2011:i:3:p:347-364

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Web page: http://www.springerlink.com/link.asp?id=100263

Related research

Keywords: Emission permit market; Demand uncertainty; Imperfect competition; Market integration; D82; D43; L13;

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