LESSON 1: A I t d ti n Introduction
I study a class of agreements between product market rivals to restrict their usage of a natural resource. The natural resource serves as an ...
Horizontal agreements about the use of a natural resourceUnder 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 ...
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