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Combinaison des instruments prix et quantités dans le cas de l’effet de serre

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  • Boris Cournède
  • Sylviane Gastaldo

Abstract

[eng] Hybrid Price And Quantity Instruments for Greenhouse Gas Emission Permits.. Under uncertainty regarding marginal abatement costs, a market for pollution rights is not efficient in dealing with cost risks. The paper presents a hybrid instrument in which the market price is bounded by a floor price via a subsidy and a cap price via a tax. The optimal instrument is computed in an analytical case study. In light of arguments against subsidies, an asymmetric instrument with a tax cap and no price floor is introduced and the optimum is determined. Hybrid and asymmetric instruments are seen to be particularly appropriate to the specific nature of climate change. Other possible combinations of taxes and permits are also examined. [fre] En situation d’incertitude sur les coûts marginaux de dépollution, un marché de droits à polluer ne permet pas de traiter efficacement le risque de coûts. L’article présente un instrument mixte qui encadre le prix de marché par un plancher à l’aide de subvention et par un plafond grâce à une taxe libératoire. L’instrument optimal est calculé dans un cas analytique. Compte tenu des raisons qui militent contre les subventions, un instrument asymétrique taxe-plafond sans prix plancher est introduit et l’optimum est déterminé. Il apparaît que les instruments mixte et asymétrique sont particulièrement adaptés aux spécificités du changement climatique. D’autres possibilités de combinaison entre taxes et permis sont également examinées.

Suggested Citation

  • Boris Cournède & Sylviane Gastaldo, 2002. "Combinaison des instruments prix et quantités dans le cas de l’effet de serre," Économie et Prévision, Programme National Persée, vol. 156(5), pages 51-62.
    • Handle: RePEc:prs:ecoprv:ecop_0249-4744_2002_num_156_5_6881
    DOI: 10.3406/ecop.2002.6881
    Note: DOI:10.3406/ecop.2002.6881
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    1. Baumol,William J. & Oates,Wallace E., 1988. "The Theory of Environmental Policy," Cambridge Books, Cambridge University Press, number 9780521322249, January.
    2. Pizer, William, 1997. "Prices vs. Quantities Revisited: The Case of Climate Change," RFF Working Paper Series dp-98-02, Resources for the Future.
    3. Roberts, Marc J. & Spence, Michael, 1976. "Effluent charges and licenses under uncertainty," Journal of Public Economics, Elsevier, vol. 5(3-4), pages 193-208.
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