Market-based Emissions Regulation and the Evolution of Market Structure

Abstract

We assess the long-run dynamic implications of market-based regulation for mitigating carbon dioxide emissions in the US Portland cement industry. We consider several policy designs, including mechanisms that partially offset the cost of compliance through rebating. Our results highlight two general countervailing market distortions that face regulators of… (More)

Topics

16 Figures and Tables

Cite this paper

@inproceedings{Fowlie2011MarketbasedER, title={Market-based Emissions Regulation and the Evolution of Market Structure}, author={Meredith L. Fowlie and Mar Reguant and Stephen P. Ryan}, year={2011} }