Environmental Policies and Mergers¿ Externalities
A Cournot oligopolistic setting model of trade is characterizedby local and foreign firms competing in the presence of pollution quotaand tax. Local firms are foreign-owned (FDI) and repatriate their profits.First, we analyze the impact on welfare given by the merger of the localfirms, as a response...
| Autores: | , |
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| Tipo de recurso: | artículo |
| Estado: | Versión publicada |
| Fecha de publicación: | 2007 |
| País: | México |
| Institución: | Universidad de Guadalajara |
| Repositorio: | Redalyc-UDG |
| OAI Identifier: | oai:redalyc.org:32316102 |
| Acceso en línea: | https://www.redalyc.org/articulo.oa?id=32316102 |
| Access Level: | acceso abierto |
| Palabra clave: | Economía y Finanzas mergers emission permits environmental policies |
| Sumario: | A Cournot oligopolistic setting model of trade is characterizedby local and foreign firms competing in the presence of pollution quotaand tax. Local firms are foreign-owned (FDI) and repatriate their profits.First, we analyze the impact on welfare given by the merger of the localfirms, as a response to external firms competition and pollution abatementcosts. Second, when merger is welfare decreasing, we study the bestresponse of the government in order to compensate this negative externality.Finally, we compare the pollution quota and tax in order to determinetheir efficiency as a policy instrument. |
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