Environmental Policies and Mergers¿ Externalities
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| Format: | Artículo científico |
| Language: | en |
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Centro de Investigación y Docencia Económicas, A.C.
2007
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| _version_ | 1876469994261315584 |
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| author | Rafael S. Espinosa Ramirez |
| author_facet | Rafael S. Espinosa Ramirez |
| contents | Environmental Policies and Mergers¿ Externalities Rafael S. Espinosa Ramirez M. Ozgur Kayalica Economía y Finanzas mergers emission permits environmental policies A Cournot oligopolistic setting model of trade is characterizedby local and foreign firms competing in the presence of pollution quotaand tax. Local firms are foreign-owned (FDI) and repatriate their profits.First, we analyze the impact on welfare given by the merger of the localfirms, as a response to external firms competition and pollution abatementcosts. Second, when merger is welfare decreasing, we study the bestresponse of the government in order to compensate this negative externality.Finally, we compare the pollution quota and tax in order to determinetheir efficiency as a policy instrument. 2007 artículo científico 1665-2045 https://www.redalyc.org/articulo.oa?id=32316102 en http://www.redalyc.org/revista.oa?id=323 Economía Mexicana. Nueva Época application/pdf Centro de Investigación y Docencia Económicas, A.C. Economía Mexicana. Nueva Época (México) Num.1 Vol.XVI |
| format | Artículo científico |
| id | redalyc_32316102 |
| institution | Redalyc |
| language | en |
| publishDate | 2007 |
| publisher | Centro de Investigación y Docencia Económicas, A.C. |
| spellingShingle | Environmental Policies and Mergers¿ Externalities Rafael S. Espinosa Ramirez Economía y Finanzas mergers emission permits environmental policies Environmental Policies and Mergers¿ Externalities Rafael S. Espinosa Ramirez M. Ozgur Kayalica Economía y Finanzas mergers emission permits environmental policies A Cournot oligopolistic setting model of trade is characterizedby local and foreign firms competing in the presence of pollution quotaand tax. Local firms are foreign-owned (FDI) and repatriate their profits.First, we analyze the impact on welfare given by the merger of the localfirms, as a response to external firms competition and pollution abatementcosts. Second, when merger is welfare decreasing, we study the bestresponse of the government in order to compensate this negative externality.Finally, we compare the pollution quota and tax in order to determinetheir efficiency as a policy instrument. 2007 artículo científico 1665-2045 https://www.redalyc.org/articulo.oa?id=32316102 en http://www.redalyc.org/revista.oa?id=323 Economía Mexicana. Nueva Época application/pdf Centro de Investigación y Docencia Económicas, A.C. Economía Mexicana. Nueva Época (México) Num.1 Vol.XVI |
| title | Environmental Policies and Mergers¿ Externalities |
| topic | Economía y Finanzas mergers emission permits environmental policies |
| url | https://www.redalyc.org/articulo.oa?id=32316102 |