Regulating an Externality-Generating Utility Environmental Taxes Under Limited Information |
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Authors: | Henry van Egteren |
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Institution: | (1) Department of Economics, University of Alberta, 8-14 Tory Building, Edmonton, Alberta, Canada, T6G 2H4 |
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Abstract: | Global warming is currently an important item on most nationalenvironmental agendas. In many countries, coal-fired electricity generatingstations represent an important source of greenhouse gases. We examinehow regulations to curb emissions affect public utility pricing regulationwhen regulators act non-cooperatively. We show that, when there is limitedinformation on fixed abatement costs, an environmental regulator prefersan emission tax over an output tax or a lump sum environmental tax. Thepublic utility regulator prefers the lump sum tax regime. |
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Keywords: | adverse selection electricity pricing environmental taxes |
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