Essays on the Effect of Environmental Policy on Firm Behavior and Competitiveness PDF Download

Author: Smita Bhatnagar
Publisher:
ISBN:
Category : Competition, International
Languages : en
Pages : 224

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Author: Claire Brunel
Publisher:
ISBN:
Category : Economics
Languages : en
Pages : 286

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The final chapter, co-authored with Arik Levinson, identifies the data and conceptual challenges of measuring the stringency of environmental policies, a central issue for any paper that studies the effects of environmental policies. In this paper, we also propose an improved emissions-based measure of stringency.

Author: Bruce L. Hay
Publisher: Routledge
ISBN: 113652682X
Category : Nature
Languages : en
Pages : 220

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Everyone agrees that firms should obey the law. But beyond what the law requires-beyond bare compliance with regulations-do firms have additional social responsibilities to commit resources voluntarily to environmental protection? How should we think about firms sacrificing profits in the social interest? Are they permitted to do so, given their fiduciary responsibilities to their shareholders? Even if permissible, is the practice sustainable, or will the competitive marketplace render such efforts and their impacts transient at best? Furthermore, is the practice, however well intended, an efficient use of social and economic resources? And, as an empirical matter, to what extent do firms already behave this way? Until now, public discussion has generated more heat than light on both the normative and positive questions surrounding corporate social responsibility (CSR) in the environmental realm. In Environmental Protection and the Social Responsibility of Firms, some of the nation‘s leading scholars in law, economics, and business examine commonly accepted assumptions at the heart of current debates on corporate social responsibility and provide a foundation for future research and policymaking.

Author: Filippo Maria D' Arcangelo
Publisher:
ISBN:
Category :
Languages : en
Pages : 0

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This thesis contains three essays investigating empirically how firms and individuals respond to environmental policies. All chapters share an overarching element in that they investigate some unexpected consequences of environmental policy. The first two chapters discuss how the European carbon market, designed to reduce polluting emissions, has also impacted firms' competitiveness and international investments. The third chapter shows empirically how the social preferences in individuals with access to a common pool resource affect, sometimes surprisingly, preservation policies. In the first chapter, I empirically investigate the effect of the European Emission Trading Scheme (EU ETS) on cross-country investments, employing a model of the firm's investment decision in conjunction with novel firm-level data. In contrast with the previous literature, I stress the importance of firms' heterogeneity in the analysis. I derive conditions on the firms' optimal emissions to construct a measure of investment sensitivity to carbon pricing from observed pollution data. This allows me to identify the effect of the EU ETS on international investments, by comparing the expected profits from investing in several different countries. I find that investments react to carbon pricing and that the effect is stronger for more polluting investments. However, the aggregate amount of diverted investments is small. I moreover show that the lost investments do not justify, alone, the generous compensations scheme aimed at retaining investments. In the second chapter, Giulia Pavan, Sara Calligaris and I provide evidence of the causal impact of the EU ETS on firms' input choices and total factor productivity. We combine structural estimation of firms' production function and techniques for policy evaluation to estimate the effect of the EU ETS on Italian manufacturing firms. Our results show a slightly negative effect of the policy on productivity, albeit the effect is heterogeneous across sectors. These findings are consistent with fuel switching, rather than a substantial change in the production process. In the third chapter, with George Joseph, Gautam Gupta, Barry Sopher, and Quentin Wodon, we study, in a lab-in-the-field experiment, the effect on social preferences of providing heterogeneous harvesting rights to a resource. In the underlying game, neither variations in the actions nor payoffs identify social preferences. We overcome this problem estimating the empirical game in a two-steps procedure, which can be applied more generally to estimate other-regarding preferences. We find that the models with social preferences explain better the data than the self-regarding model and that altruism explains it better than inequity aversion. When we asymmetrically increase harvesting rights, individuals increase their other-regarding behavior, becoming less selfishly. When we introduce a proportional sharing rule, this effect is further increased, but participants become equity averse if their payoff is lower than the others'.

Author: Alistair Ulph
Publisher: Edward Elgar Publishing
ISBN:
Category : Business & Economics
Languages : en
Pages : 304

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This collection of essays addresses the concern that globalization and trade may have a detrimental effect on the environment. Alistair Ulph argues that environmental policies to secure strategic trade advantages may not be weak policies.

Author: Frank Stähler
Publisher:
ISBN:
Category : Competition
Languages : en
Pages : 40

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Author: Purnamita Dasgupta
Publisher: Springer Nature
ISBN: 9813348305
Category : Business & Economics
Languages : en
Pages : 507

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This volume is a collection of essays that provide a comprehensive coverage of multiple aspects of the discourse on environment, development and sustainability. It is designed to bring in a host of perspectives highlighting the synergies and the trade-offs in this debate, showcasing research along with policy implications of putting research into use. The global discussion on sustainability paints the broad canvas for this book. This volume aims to probe some contemporary issues that will help in understanding the sustainability narrative in India. The topics span over a host of questions on energy, environment, natural resources and related constituents of development. The discourse further extends to the role of economic modelling, public policy debates, political intervention, stakeholders’ response, community participation and so on. The discussions are often based on empirical support, review of existing literature as well as policy analysis. With an ultimate aim to understand the overall development narrative of the people of India, the discourse takes in its ambit the nuances of resource utilisation, economic growth, COVID-19 impacts, competitiveness and market structures, urbanization, sectoral reforms, environmental hazards, climate change, pollution, natural resource accounting and management to name a few. The book is divided into four sections, namely, The Big Picture: Evolving Perspectives; The Energy Scenario: Dilemmas and Opportunities; Sustainability Cross-Cuts: Developmental Aspects and Externality Empirics: Knowledge and Practice. The first section contains commentaries on the overarching themes of economic growth, development and sustainability. It presents some emerging perspectives on the developmental crisis that has emerged through the environmental lens with additional focus on the need for inclusion of creativity, knowhow, technology and financial resources to achieve the ambitious SDG targets. The second section brings out the dilemmas and opportunities in the energy sector, that has been a key player in discussions of sustainability, especially for India where significant technological advances in conventional forms of energy supply coexists with fairly low levels of per capita energy consumption and energy security is a key challenge. The section on sustainability crosscuts attempts to highlight the problems and processes of mainstreaming the sustainability question into conventional thinking through the concepts of a circular economy, green accounting techniques, institutional and governance structures, public policy and inclusive growth, amongst others. The last section presents some empirical studies on environmental externalities, the unaccounted environmental effects of economic production and consumption and finally the behavioural aspects of the stakeholders that are crucial in the larger narrative of sustainable development. This edited volume contains contributions of reputed scholars from various Indian universities, research institutions and professionals from outside academia, who are proven experts in their fields. The link between policy, practice, and well-being of the large vulnerable population of India is the major focus of enquiry that will help researchers, practitioners and policy planners in conducting further research in energy, environment, resource and linked areas of development economics. General readers with an active interest in energy, environment, and economic development are also likely to find this book an interesting read, especially in the times of several environmental challenges facing humankind.

Author: OECD
Publisher: OECD Publishing
ISBN: 926436711X
Category :
Languages : en
Pages : 125

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Over the past decades, governments have gradually adopted more rigorous environmental policies to tackle challenges associated with pressing environmental issues, such as climate change. The ambition of these policies is, however, often tempered by their perceived negative effects on the economy.

Author: Carlo Carraro
Publisher: University of Chicago Press
ISBN: 0226094804
Category : Science
Languages : en
Pages : 371

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Most people would agree that it makes sense to tax a company that pollutes in a way that directly reflects the amount of environmental and social damage it has done. Yet in practice, such taxes are fraught with difficulty and have far-reaching implications. A company facing a new tax may lay off workers, for example, exacerbating an unemployment problem. This volume focuses on such external issues and examines in detail the trade-offs involved in designing policies to deal with environmental problems. Reflecting the broad nature of the subject, the contributors include leading economists in the areas of public finance, industrial organization, and trade theory, as well as environmental economists. Integrating both theoretical and empirical methods, they examine environmental policy design as it relates to location decisions, compliance costs, administrative costs, effects on research and development, and international factor movements. Shedding light on an extraordinarily complex and important topic, this collection will be of interest to all those involved in designing effective environmental policy.

Author: Zhe Li
Publisher:
ISBN:
Category :
Languages : en
Pages :

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