Should environmental projects be subsidised? An empirical analysis

DSpace/Manakin Repository

Should environmental projects be subsidised? An empirical analysis

 

Tweet Share on Facebook
Title: Should environmental projects be subsidised? An empirical analysis
Author: Aanesen, Margrethe
Date: Dec-2003
Type: Working paper; Arbeidsnotat
Abstract: Imperfect markets, asymmetric information and transboundary pollution are all characteristics that in most cases lead to inefficient “market” outcomes, and which thus are arguments for (public) intervention in the market. On the other hand, these characteristics also imply strategic behaviour by the economic agents, and then the effects of public intervention may be different from the traditional results of e.g. subsidies. The point of departure for this paper is the trading of an environmental project in a market with the above mentioned characteristics and where the pollution is transboundary. The trade is promoted by (foreign) authorities in that they offer a grant is trade takes place. We show that the effects of the grant strongly depend on the interests of the authorities, and that the subsidisation does not necessarily make the trading outcome more efficient.
Publisher: Universitetet i Tromsø; University of Tromsø
Series: Working paper series in economics and management, 2003, nr 6
URI: http://hdl.handle.net/10037/916


File(s) in this item

Files Size Format View
article.pdf 182.4Kb PDF View/Open

The following license file are associated with this item:

This item appears in the following collection(s)

Show full item record

Search Munin




Advanced Search

Browse

Statistics

Help