Horizontal agreements about the use of a natural resource
Under an average target, the regulator minimizes cost by achieving a balance between the total permit effect and deadweight loss effect. The ...
Economic Fundamentals of Road Pricing - World Bank DocumentIn this paper, we examine the design of permit trading programs when the objective is to minimize the cost of achieving an ex ante pollution target, ... Optimal Design of Permit Markets with an Ex Ante Pollution TargetThis phenomenon leads to efficien- cies as more market participants are able to interact with each other but also, in some circumstances, market power, as ... ?Two-sided Markets, Pricing, and Network Effects?Contrary to conventional thinking, the Phillips curve is asymptotically horizontal for high levels of economic activity and asymptotically vertical for low.
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