Freight transport, policy instruments and climate
The 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.
|Date of creation:||10 Apr 2014|
|Contact details of provider:|| Postal: Department of Real Estate and Construction Management, Royal Institute of Technology, Brinellvägen 1, 100 44 Stockholm, Sweden|
Web page: http://www.kth.se/en/abe/inst/fob
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- Mandell, Svante, 2011.
"Carbon emission values in cost benefit analyses,"
Elsevier, vol. 18(6), pages 888-892, November.
- Mandell, Svante, 2010. "Carbon Emission Values in Cost Benefit Analyses," Working Papers 2010:4, 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, 2009. "Policies towards a more efficient car fleet," Energy Policy, Elsevier, vol. 37(12), pages 5184-5191, December.
- Mandell, Svante, 2008. "Policies towards a more efficient car fleet," Working Papers 2008:12, Swedish National Road & Transport Research Institute (VTI).
- 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. Full references (including those not matched with items on IDEAS)
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