Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
10475417 | Journal of Environmental Economics and Management | 2005 | 27 Pages |
Abstract
This paper analyzes the relative cost-effectiveness of intergovernmental versus intersource cross-border emissions trading when polluting firms are noncompliant. A special focus is placed on the presence of enforcement costs and the associated credibility problem of governmental monitoring. It is shown that without inspection commitment, the intergovernmental system is more cost-effective because the endorsed flexibility in domestic emission taxation serves as a commitment device for building credibility of monitoring.
Keywords
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Hideki Konishi,