Emissions taxes, tradeable emission permits and voluntary
compliance policies are becoming the instruments of choice in
controlling environmental problems at the national and
international level. Careful design of these policies in
second-best environments is a very important factor for their
success. This book uses cutting-edge research in order to appraise
their efficiency in varying market conditions. This book evaluates
the impact that market power could have on the implementation of
market-based environmental policies within static, dynamic and open
economy frameworks. It explores the potential negative impacts that
market-based instruments could have on competitiveness and examines
the effects that time inconsistency in the implementation of
emission taxes and emission permits could have on environmental
innovation. Utilizing open economy frameworks, the contributors
also analyse the impact of market imperfections on the structure of
environmental polices across countries. They advocate co-operation
across countries as a means to maximise the benefits from these
policies. Environmental Regulation and Market Power will prove
invaluable to scholars and policymakers in the area of
environmental studies.
General
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