Gil Molto, M.J. and Varvarigos, D. (2014) Environmental Investments in Mixed vs Private Oligopoly: What are the Implications of Privatization? Working Paper. The Sheffield Economic Research Paper Series (SERPS) 2014018 . Department of Economics, University of Sheffield ISSN 1749-8368
Abstract
We compare economic and environmental outcomes under mixed and private oligopolies,in order to examine the effects of privatization when firms invest in abatement and emissions are taxed. We show that the number of competing firms in the market is an important factor in the determination of these effects. While privatization often involves a welfare trade-of, in the sense that higher (lower) output production implies higher (lower) pollution, there are also circumstances where it leads to both lower output and higher emissions simultaneously. Our results also indicate that privatization tends be associated with reductions in social welfare.
Metadata
Item Type: | Monograph |
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Authors/Creators: |
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Copyright, Publisher and Additional Information: | The Sheffield Economic Research Paper Series (SERPS) offers a forum for the research output of the Department of Economics, University of Sheffield. Papers are reviewed for quality and presentation by two internal referees and a departmental editor. However, the contents and opinions expressed remain the responsibility of the author(s). Comments are welcomed and should be addressed to the individual author(s). |
Dates: |
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Institution: | The University of Sheffield |
Academic Units: | The University of Sheffield > Faculty of Social Sciences (Sheffield) > Department of Economics (Sheffield) |
Depositing User: | Symplectic Sheffield |
Date Deposited: | 12 Nov 2014 11:15 |
Last Modified: | 12 Nov 2014 11:25 |
Published Version: | http://www.sheffield.ac.uk/economics/research/serp... |
Status: | Published |
Publisher: | Department of Economics, University of Sheffield |
Series Name: | The Sheffield Economic Research Paper Series (SERPS) 2014018 |
Open Archives Initiative ID (OAI ID): | oai:eprints.whiterose.ac.uk:81613 |