IDEAS home Printed from https://ideas.repec.org/p/vac/wpaper/wp08-05.html
   My bibliography  Save this paper

State and Local Climate Policy under a National Emissions Floor

Author

Abstract

This paper describes the nature of inter-jurisdictional relations as they may exist under a federal cap-and-trade program and provides background on the current climate-related activities by state and local governments. State and local governments are uniquely positioned to implement many aspects of an overall climate strategy, and an important question is whether the price signal from a cap-and-trade program (or a tax) would be a sufficient incentive to do so. The paper examines alternative types of relationships between different levels of government when an agency problem exists, wherein information or incentives for action are not perfectly aligned.

Suggested Citation

  • Dallas Burtraw & William Shobe, 2008. "State and Local Climate Policy under a National Emissions Floor," Working Papers 2008-05, Center for Economic and Policy Studies.
    • Handle: RePEc:vac:wpaper:wp08-05
    Note: This mirrors a file published as a Resources for the Future discussion paper: RFF DP 09-54 Pub. data: December 2009 URL: http://www.rff.org/rff/documents/rff-dp-09-54.pdf
    as

    Download full text from publisher

    File URL: http://econ.ccps.virginia.edu/RePEc_docs/ceps_docs/Burtraw-Shobe-rff-dp-09-54.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. George J. Stigler, 1971. "The Theory of Economic Regulation," Bell Journal of Economics, The RAND Corporation, vol. 2(1), pages 3-21, Spring.
    2. Stavins, Robert, 2007. "A U.S. Cap-and-Trade System to Address Global Climate Change," Working Paper Series rwp07-052, Harvard University, John F. Kennedy School of Government.
    3. Richard A. Posner, 1974. "Theories of Economic Regulation," Bell Journal of Economics, The RAND Corporation, vol. 5(2), pages 335-358, Autumn.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Lawrence H. Goulder & Robert N. Stavins, 2011. "Interactions between State and Federal Climate Change Policies," NBER Chapters, in: The Design and Implementation of US Climate Policy, pages 109-121, National Bureau of Economic Research, Inc.
    2. Burtraw, Dallas & Woerman, Matt, 2013. "Economic ideas for a complex climate policy regime," Energy Economics, Elsevier, vol. 40(S1), pages 24-31.
    3. Lawrence H. Goulder & Robert N. Stavins, 2011. "Challenges from State-Federal Interactions in US Climate Change Policy," American Economic Review, American Economic Association, vol. 101(3), pages 253-257, May.
    4. Dallas Burtraw & Art Fraas & Nathan Richardson, 2011. "Policy Monitor--Greenhouse Gas Regulation under the Clean Air Act: A Guide for Economists," Review of Environmental Economics and Policy, Association of Environmental and Resource Economists, vol. 5(2), pages 293-313, Summer.
    5. Burtraw, Dallas & Palmer, Karen L., 2013. "Mixing It Up: Power Sector Energy and Regional and Regulatory Climate Policies in the Presence of a Carbon Tax," RFF Working Paper Series dp-13-09, Resources for the Future.
    6. Burtraw, Dallas & Woerman, Matt, 2012. "US Status on Climate Change Mitigation," RFF Working Paper Series dp-12-48, Resources for the Future.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Ando, Amy, 1998. "Delay on the Path to the Endangered Species List: Do Costs and Benefits Matter," RFF Working Paper Series dp-97-43-rev, Resources for the Future.
    2. repec:hal:spmain:info:hdl:2441/8527 is not listed on IDEAS
    3. Oleh Pasko, 2018. "Theories of Regulation in the Context of Modern Practice of Accounting Regulation," Oblik i finansi, Institute of Accounting and Finance, issue 2, pages 37-46, June.
    4. Ray Ball, 2009. "Market and Political/Regulatory Perspectives on the Recent Accounting Scandals," Journal of Accounting Research, Wiley Blackwell, vol. 47(2), pages 277-323, May.
    5. William M. Shobe & Dallas Burtraw, 2012. "Rethinking Environmental Federalism In A Warming World," Climate Change Economics (CCE), World Scientific Publishing Co. Pte. Ltd., vol. 3(04), pages 1-33.
    6. Krisztina Antal-Pomázi, 2020. "Corporate Interest in Antitrust Enforcement," Proceedings of Economics and Finance Conferences 10912816, International Institute of Social and Economic Sciences.
    7. Simshauser, P., 2020. "Merchant utilities and boundaries of the firm: vertical integration in energy-only markets," Cambridge Working Papers in Economics 2039, Faculty of Economics, University of Cambridge.
    8. Silvia Sacchetti, 2015. "Inclusive and Exclusive Social Preferences: A Deweyan Framework to Explain Governance Heterogeneity," Journal of Business Ethics, Springer, vol. 126(3), pages 473-485, February.
    9. James W. Hughes & Michael J. Moore & Edward A. Snyder, 2002. ""Napsterizing" Pharmaceuticals: Access, Innovation, and Consumer Welfare," NBER Working Papers 9229, National Bureau of Economic Research, Inc.
    10. Helland, Eric & Sykuta, Michael, 2004. "Regulation and the Evolution of Corporate Boards: Monitoring, Advising, or Window Dressing?," Journal of Law and Economics, University of Chicago Press, vol. 47(1), pages 167-193, April.
    11. repec:spo:wpmain:info:hdl:2441/8527 is not listed on IDEAS
    12. Niels J. Philipsen, 2010. "Regulation Of Liberal Professions And Competition Policy: Developments In The Eu And China," Journal of Competition Law and Economics, Oxford University Press, vol. 6(2), pages 203-231.
    13. Simshauser, Paul & Akimov, Alexandr, 2019. "Regulated electricity networks, investment mistakes in retrospect and stranded assets under uncertainty," Energy Economics, Elsevier, vol. 81(C), pages 117-133.
    14. World Bank, 2013. "Uganda - Diagnostic Trade Integration Study Update : Prepared for the Enhanced Integrated Framework," World Bank Publications - Reports 16035, The World Bank Group.
    15. Djankov, Simeon & Glaeser, Edward & La Porta, Rafael & Lopez-de-Silanes, Florencio & Shleifer, Andrei, 2003. "The new comparative economics," Journal of Comparative Economics, Elsevier, vol. 31(4), pages 595-619, December.
    16. repec:hal:wpspec:info:hdl:2441/8602 is not listed on IDEAS
    17. Camille Chaserant & Sophie Harnay, 2013. "The regulation of quality in the market for legal services: Taking the heterogeneity of legal services seriously," European Journal of Comparative Economics, Cattaneo University (LIUC), vol. 10(2), pages 267-291, August.
    18. Alejandro Castaneda, 2020. "Cronies, Rents, and Import Licenses: Non-tariff Trade Controls throughout Import Substitution Industrialization (ISI) in Mexico," Tiempo y Economía, Universidad de Bogotá Jorge Tadeo Lozano, vol. 7(2), pages 90-118, July.
    19. repec:spo:wpecon:info:hdl:2441/8526 is not listed on IDEAS
    20. Baum, Donald R. & Cooper, Rachel & Lusk-Stover, Oni, 2018. "Regulating market entry of low-cost private schools in Sub-Saharan Africa: Towards a theory of private education regulation," International Journal of Educational Development, Elsevier, vol. 60(C), pages 100-112.
    21. Connelly, J. Thomas & Limpaphayom, Piman & Nguyen, Hien T. & Tran, Thanh D., 2017. "A tale of two cities: Economic development, corporate governance and firm value in Vietnam," Research in International Business and Finance, Elsevier, vol. 42(C), pages 102-123.
    22. Fumitoshi Mizutani & Eri Nakamura, 2019. "Regulation, public interest, and private interest: an empirical investigation of firms in Japan," Empirical Economics, Springer, vol. 56(4), pages 1433-1454, April.
    23. Kwasi Gyau BAFFOUR AWUAH & Felix N. HAMMOND & Colin A. BOOTH & Jessica E. LAMOND, 2014. "Evolution And Development Of Urban Land Use Planning: Analysis From Human Action Theory Perspective," Theoretical and Empirical Researches in Urban Management, Research Centre in Public Administration and Public Services, Bucharest, Romania, vol. 9(2), pages 35-67, May.
    24. Kuniyoshi Saito, 2009. "Evaluating Automobile Inspection Policy Using Auto Insurance Data," Contemporary Economic Policy, Western Economic Association International, vol. 27(2), pages 200-215, April.

    More about this item

    Keywords

    environmental federalism; emissions cap; cap and trade; incentives; subsidiarity;
    All these keywords.

    JEL classification:

    • Q53 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Air Pollution; Water Pollution; Noise; Hazardous Waste; Solid Waste; Recycling
    • Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters and their Management; Global Warming
    • H77 - Public Economics - - State and Local Government; Intergovernmental Relations - - - Intergovernmental Relations; Federalism

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:vac:wpaper:wp08-05. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: William M. Shobe (email available below). General contact details of provider: https://edirc.repec.org/data/ceuvaus.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.