Low-Carbon Energy in Africa and Latin America: Renewable Technologies, Natural Gas and Nuclear Energy (Lecture Notes in Energy Book 38)
Low-Carbon Energy in Africa and Latin America: Renewable Technologies, Natural Gas and Nuclear Energy (Lecture Notes in Energy Book 38)

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This digital document is a journal article from Journal of Environmental Economics and Management, published by Elsevier in . The article is delivered in HTML format and is available in your Amazon.com Media Library immediately after purchase. You can view it with any web browser.Description: Should citizens lobby the government to reduce pollution permit endowments or should they participate directly in the market by purchasing and retiring permits? We address this question in a two-stage model. In the first stage firms and citizens exert effort to influence the endowment of permits. In the second stage firms, and perhaps citizens, participate in the permit market. Even when citizens choose not to purchase permits, the possibility of doing so may affect the equilibrium. In our basic model, citizens choose not to purchase permits; this result can be reversed if permits are grandfathered.

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  • Released: November 16, 2020
  • Author: Ricardo Guerrero-Lemus,Les E. Shephard
  • Rating: 4,9
  • Publisher: Ebook DIgital Agency
  • Total Page: 954 pages
  • File Size: 3670 KB
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