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[英文文献] Emissions Trading, Electricity Industry Restructuring and Investment in Pol... [推广有奖]

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投资银行学423 发表于 2005-10-31 22:08:20 |AI写论文

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英文文献:Emissions Trading, Electricity Industry Restructuring and Investment in Pollution Abatement-排污权交易、电力产业重组及污染消减投资
英文文献作者:Fowlie, Meredith
英文文献摘要:
The NOx State Implementation Plan Call was designed to facilitate cost effective reductions of nitrogen oxides emissions from large stationary sources (primarily electricity generators) through the introduction of an emissions trading program. I investigate the relationship between economic regulation and firms' long-run response to the incentives created by this emissions trading program. I estimate a discrete choice model of the firm's compliance decision, controlling for unit-level variation in compliance costs and using exogenous variation in state-level electricity industry restructuring activity to identify an e¤ect of electricity market regulation on generators' environmental compliance strategy choices. I present evidence that differences in economic regulation across states have resulted in a disproportionate amount of the mandated emissions reductions occurring in more regulated electricity markets. Unfortunately, these are the areas least in need of pollution control.

氮氧化物国家实施计划的目的是通过引入排放交易方案,促进从大型固定来源(主要是发电机)降低氮氧化物排放的成本效益。我调查了经济监管和企业对排放交易计划产生的激励措施的长期反应之间的关系。我估计了一个企业合规决策的离散选择模型,控制了合规成本的单位水平变化,并使用国家一级电力行业重组活动的外生变化,以确定发电商环境合规策略选择的电力市场监管e。我提出的证据表明,各州经济监管的差异,导致在监管更严格的电力市场中,强制减排的数量不成比例。不幸的是,这些地区最不需要控制污染。
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