Emissions trading, firm heterogeneity, and intra-industry reallocations in the long run

Yoshifumi Konishi, Nori Tarui

研究成果: Article査読

12 被引用数 (Scopus)

抄録

Design of environmental regulation has substantial implications for size distribution and mass of firms within and across industries in the long run. In a general equilibrium model that accounts for endogenous entry and exit of heterogeneous firms, the welfare impacts of emissions trading are analytically decomposed into the effects on economy-wide income, mass of firms, firm size distribution, output price markups, and factor prices. Distortionary impacts on size distribution and permit price depend on the conditionality of permit distribution, interactions between changes in entry-exit conditions and in aggregate accounting conditions, the factor intensity of entry, and coverage of non-pollution-intensive sectors in emissions trading.

本文言語English
ページ(範囲)1-42
ページ数42
ジャーナルJournal of the Association of Environmental and Resource Economists
2
1
DOI
出版ステータスPublished - 2015 3 1
外部発表はい

ASJC Scopus subject areas

  • 経済学、計量経済学
  • 自然保全および景観保全
  • 管理、モニタリング、政策と法律

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