Freight transport, policy instruments and climate
AbstractThe impact of policy instruments supposed to reduce greenhouse gas emissions from road freight transports may seem smaller than expected. Using insights from economics and contract theory, the paper sorts out the (possible) instances of market failure in the freight transport market; operator market power, asymmetric information split incentives, and public goods. The primary limitations of standard policy instruments are demonstrated to be linked to unobservable information. Some of these may be reduced but not eliminated as information technologies develop, making it possible to observe, verify and provide contract-relevant information to the uninformed parties. There is little reason to believe that possible market failures present major limitations to the efficiency of economic instruments geared toward protecting the climate, other than possibly in the short run
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Bibliographic InfoPaper provided by CTS - Centre for Transport Studies Stockholm (KTH and VTI) in its series Working papers in Transport Economics with number 2014:5.
Length: 25 pages
Date of creation: 25 Mar 2014
Date of revision:
Contact details of provider:
Postal: Centrum för Transportstudier (CTS), Teknikringen 10, 100 44 Stockholm, Sweden
Web page: http://www.cts.kth.se/
Freight transport; Climate; Greenhouse gas; Policy instruments; Asymmetric information; Split incentives;
Find related papers by JEL classification:
- R40 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Transportation Economics - - - General
This paper has been announced in the following NEP Reports:
- NEP-ALL-2014-04-11 (All new papers)
- NEP-CTA-2014-04-11 (Contract Theory & Applications)
- NEP-ENE-2014-04-11 (Energy Economics)
- NEP-ENV-2014-04-11 (Environmental Economics)
- NEP-GER-2014-04-11 (German Papers)
- NEP-REG-2014-04-11 (Regulation)
- NEP-TRE-2014-04-11 (Transport Economics)
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- George P. Baker & Thomas N. Hubbard, 2003. "Make Versus Buy in Trucking: Asset Ownership, Job Design, and Information," American Economic Review, American Economic Association, vol. 93(3), pages 551-572, June.
- Mandell, Svante, 2008.
"Policies towards a more efficient car fleet,"
2008:12, Swedish National Road & Transport Research Institute (VTI).
- Carlén, Björn & Mandell, Svante, 2012. "On assessing climate effects of electrifying the transport sector," Working papers in Transport Economics 2012:11, CTS - Centre for Transport Studies Stockholm (KTH and VTI).
- Mandell, Svante, 2010.
"Carbon Emission Values in Cost Benefit Analyses,"
2010:4, Swedish National Road & Transport Research Institute (VTI).
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