REGULATION BY PRICES, QUANTITIES, OR BOTH: A REVIEW OF INSTRUMENT

By Cameron Hepburn. 2006

433 citations recorded by the source corpus.

Subfields: Economics and Econometrics, Renewable Energy, Sustainability and the Environment, Transportation

View Paper: https://www.semanticscholar.org/paper/062560a15f3cbc171ae3760ba68b6f93f916cda2

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Citations in the corpus

Environmental policy, government, and the market (2010, background): “Climate change appears reasonably well-suited to a market approach, as greenhouse gases mix globally (so the spatial location of emissions is irrelevant), and other approaches, such as carbon taxes, have historically encountered political difficulties (Hepburn, 2006).”
Part I: Externalities and economic policies in road transport (2010, methodology): “To the extent that quantity control instruments involve a trading mechanism, they also provide price incentives to the regulated parties (Hepburn, 2006).”
Does carbon pricing reduce emissions? A review of ex-post analyses (2021, background): “In practice, the distinction between the two policies is sometimes blurred (Hepburn 2006).”
Price Floors for Emissions Trading (2010, positive): “The administrator commits to buy back licenses at the floor price, thereby reducing the amount of permits in the market (Hepburn, 2006).”
Credible commitment in carbon policy (2012, background): “Moreover, the use of grandfathering will further aggravate dynamic incentive problems if allowance allocation is based on historical emissions (Hepburn, 2006).”
From financial instability to green finance: the role of banking and credit market regulation in the Eurace model (2019, background): “Many studies have compared the effects of market-based and command-and-control policies, see e.g. Hepburn (2006); Goulder and Parry (2008) for extensive comparisons.”
Carbon Pricing in the EU: Evaluation of Different EU ETS Reform Options (2016, neutral): “We focus on the reform options originally put forward by the European Commission (EC, 2012b) as well as on various proposals to deal with potential inefficiencies of cap-and-trade programmes discussed in the literature (Roberts and Spence, 1976; Vollebergh et al., 1997; Pizer, 2002; Hepburn, 2006; W”
COMBINING MULTIPLE CLIMATE POLICY INSTRUMENTS: HOW NOT TO DO IT (2010, background): “2 These reasons have been spelled out quite extensively in the economic literature by Weitzman (1974), Roberts and Spence (1976), Pizer (2002), Jacoby and Ellerman (2004), Jaffe et al (2005) and Hepburn (2006).”
Carbon accounting: Negotiating accuracy, consistency and certainty across organisational fields (2011, background): “Economists analyse carbon markets as a set of technical questions on solving market failures through including externalities, focusing on the costs and benefits of various instruments to incorporate environmental costs ( Hepburn, 2006”
The Environment and Directed Technical Change (2012, positive): “While climate scientists have focused on various aspects of the damage that our current energy consumption causes to the environment,1 economists have emphasized both the bene ts in terms of limiting environmental degradation and costs in terms of reducing economic growth of di¤erent policy…”
Carbon Footprint and the Management of Supply Chains: Insights From Simple Models (2013, background): “An important stream from this body of literature examines the impact of different policy instruments [13]–[15].”