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題名 Auctions or Grandfathering: The Political Economy of Tradable Emission Permits
作者 Lai,Yu-Bong
貢獻者 政大財政系
關鍵詞 Auction;Grandfathering;Interest groups;Lobbying;Environmental policy;Tradable emission permits
日期 2008-07
上傳時間 26-Aug-2013 16:11:20 (UTC+8)
摘要 Despite the prevalence of grandfathered permits, we still observe that a hybrid policy, in which a fraction of initial emission permits is distributed through auctions, is adopted in some cases. We also observe that some polluting industries support auctioned permits, and that most environmental groups support grandfathered permits. This paper attempts to explain these phenomena from the perspective of political economy, and investigates the conditions under which grandfathering, auctions, or a hybrid instrument will be the equilibrium policy. By constructing a two-stage lobbying game, in which the type of policy instrument (auction, grandfathering, or a hybrid instrument) is determined in the first stage, and then the number of permits is decided in the second stage, we highlight the strategic interaction of the lobbying activities between the two stages in explaining the behavior of the lobbying groups.
關聯 Public Choice, 136(1/2), 181-200
資料來源 http://dx.doi.org/10.1007/s11127-008-9290-1
資料類型 article
DOI http://dx.doi.org/10.1007/s11127-008-9290-1
dc.contributor 政大財政系en_US
dc.creator (作者) Lai,Yu-Bongen_US
dc.date (日期) 2008-07en_US
dc.date.accessioned 26-Aug-2013 16:11:20 (UTC+8)-
dc.date.available 26-Aug-2013 16:11:20 (UTC+8)-
dc.date.issued (上傳時間) 26-Aug-2013 16:11:20 (UTC+8)-
dc.identifier.uri (URI) http://nccur.lib.nccu.edu.tw/handle/140.119/59168-
dc.description.abstract (摘要) Despite the prevalence of grandfathered permits, we still observe that a hybrid policy, in which a fraction of initial emission permits is distributed through auctions, is adopted in some cases. We also observe that some polluting industries support auctioned permits, and that most environmental groups support grandfathered permits. This paper attempts to explain these phenomena from the perspective of political economy, and investigates the conditions under which grandfathering, auctions, or a hybrid instrument will be the equilibrium policy. By constructing a two-stage lobbying game, in which the type of policy instrument (auction, grandfathering, or a hybrid instrument) is determined in the first stage, and then the number of permits is decided in the second stage, we highlight the strategic interaction of the lobbying activities between the two stages in explaining the behavior of the lobbying groups.en_US
dc.language.iso en_US-
dc.relation (關聯) Public Choice, 136(1/2), 181-200en_US
dc.source.uri (資料來源) http://dx.doi.org/10.1007/s11127-008-9290-1-
dc.subject (關鍵詞) Auction;Grandfathering;Interest groups;Lobbying;Environmental policy;Tradable emission permitsen_US
dc.title (題名) Auctions or Grandfathering: The Political Economy of Tradable Emission Permitsen_US
dc.type (資料類型) articleen
dc.identifier.doi (DOI) 10.1007/s11127-008-9290-1en_US
dc.doi.uri (DOI) http://dx.doi.org/10.1007/s11127-008-9290-1en_US