Porter Hypothesis vs Pollution Haven Hypothesis: Can There Be Environmental Policies Getting Two Eggs in One Basket?
| Autor: | Claudia Ranocchia, Luca Lambertini |
|---|---|
| Přispěvatelé: | Ranocchia C., Lambertini L. |
| Jazyk: | angličtina |
| Rok vydání: | 2021 |
| Předmět: |
Relocation
Economics and Econometrics Pollution haven hypothesis 05 social sciences Porter hypothesis Implicit collusion Management Monitoring Policy and Law Cournot competition Environmental standard Microeconomics Emission taxation Incentive Win–win solution 0502 economics and business Collusion Economics Green technology Environmental regulation 050202 agricultural economics & policy 050207 economics |
| Popis: | The Porter hypothesis and the pollution haven hypothesis seem to predict opposite reactions by firms facing environmental regulation, as the first invokes the arising of a win–win solution while the second envisages the possibility for firms to flee abroad. We illustrate the possibility of designing policies (taking the form of either emission taxation or environmental standards) able to eliminate firms’ incentives to relocate their plants abroad and create a parallel incentive for them to deliver a win–win solution by investing either in replacement technologies under emission taxation, or in abatement technologies under an environmental standard. This is worked out in a Cournot supergame in which firms may activate the highest level of collusion compatible with their intertemporal preferences. |
| Databáze: | OpenAIRE |
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