The DOI matches its Crossref record; 46 of the 46 references it cites were found in a registry or an index.
Market-Based Emissions Regulation and Industry Dynamics
Abstract
We assess the static and dynamic implications of alternative market-based policies limiting greenhouse gas emissions in the US cement industry. Our results highlight two countervailing market distortions. First, emissions regulation exacerbates distortions associated with the exercise of market power in the domestic cement market. Second, emissions “leakage” in trade-exposed markets offsets domestic emissions reductions. Taken together, these forces can result in social welfare losses under policy regimes that fully internalize the emissions externality. Market-based policies that incorporate design features to mitigate the exercise of market power and emissions leakage deliver welfare gains when damages from carbon emissions are high.
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Cites
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Environmental Economics: A Survey
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Multimarket Contact and Collusive Behavior
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Measuring Market Inefficiencies in California's Restructured Wholesale Electricity Market
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Cited by
Rissman, J., Bataille, C., Masanet, E., Aden, N., Morrow, W. R., Zhou, N., Elliott, N., Dell, R., Heeren, N., Huckestein, B., et al. (2020) · Applied Energy · doi:10.1016/j.apenergy.2020.114848 · Cited by 1,040
Real effects of climate policy: Financial constraints and spillovers
Bartram, S. M., Hou, K., & Kim, S. (2022) · Journal of Financial Economics · doi:10.1016/j.jfineco.2021.06.015 · Cited by 616
Pass-Through of Emissions Costs in Electricity Markets
Fabra, N., & Reguant, M. (2014) · American Economic Review · doi:10.1257/aer.104.9.2872 · Cited by 491
Self-citationThe Environmental Bias of Trade Policy*
Shapiro, J. S. (2021) · The Quarterly Journal of Economics · doi:10.1093/qje/qjaa042 · Cited by 259
Robust policies to mitigate carbon leakage
Böhringer, C., Rosendahl, K. E., & Storrøsten, H. B. (2017) · Journal of Public Economics · doi:10.1016/j.jpubeco.2017.03.006 · Cited by 175
Metadata
- Authors
- Fowlie, M., Reguant, M., & Ryan, S. P.
- Venue
- Journal of Political Economy
- Publisher
- University of Chicago Press
- Published
- 2016-02
- Volume
- 124
- Issue
- 1
- Pages
- 249-302
- ISSN
- 0022-3808 (ISSN-L)
- 1537-534X
- OpenAlex
- W2139882777
- Cited by
- 329
- References
- 46
- FWCI
- 42.56
- Type
- journal article
- Language
- en
- Open access
- closed
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Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.