|Appears in Collections:||Economics Conference Papers and Proceedings|
|Peer Review Status:||Refereed|
de, Vries Frans
|Title:||On coordination of abatement in voluntary agreements|
|Citation:||Nentjes A & de Vries F (2011) On coordination of abatement in voluntary agreements. Association of Environmental and Resource Economists Inaugral Summer Conference, 9-10 June 2011, Seattle, 9.6.2011 - 10.6.2011, Seattle, USA. Available from: http://www.webmeets.com/files/papers/aere/2011/107/Abatement%20Coordination%20in%20VAs.pdf|
|Conference Name:||Association of Environmental and Resource Economists Inaugral Summer Conference, 9-10 June 2011, Seattle|
|Conference Location:||Seattle, USA|
|Abstract:||The negotiated agreement (NA) -- the strictest form of a voluntary agreement -- is modeled as a coordination device to exchange emission abatement offers between firms to preempt environmental regulation. We find that the NA is Pareto efficient and that the potential cost savings to be derived from a NA increases with firm heterogeneity. The NA realizes almost all of the cost savings when the potential cost savings are low and it realizes only a fraction of the cost savings if the savings are potentially high. Consequently, the cost savings under a NA are typically smaller than those achievable by market-based policy instruments, in spite of the NA being Pareto efficient.|
|Rights:||For rights information, contact the corresponding author.|
|de_Vries_2011_On_Coordination_of_Abatement.pdf||137.65 kB||Adobe PDF||View/Open|
This item is protected by original copyright
Items in the Repository are protected by copyright, with all rights reserved, unless otherwise indicated.
The metadata of the records in the Repository are available under the CC0 public domain dedication: No Rights Reserved https://creativecommons.org/publicdomain/zero/1.0/
If you believe that any material held in STORRE infringes copyright, please contact email@example.com providing details and we will remove the Work from public display in STORRE and investigate your claim.