Title

Comparative Statics Of A Monopolistic Firm Facing Price-Cap And Command-And-Control Environmental Regulations

Keywords

Command-and-control environmental regulations; Comparative statics; Price-cap regulation; Testable implications

Abstract

An exhaustive comparative statics analysis of a model of a monopolistic firm facing price-cap regulation and a variety of commonly implemented command-and-control environmental regulations is carried out. The comparative statics are intrinsic to each of the models and thus form their basic, empirically testable properties. Several unanticipated results emerge from the analysis. In particular, it is shown that a subset of the intrinsic comparative statics are qualitatively invariant to all of the commonly employed command-and-control environmental regulations that a price-cap regulated profit-maximizing monopoly might face, while others are specific to the type of command-and-control environmental regulation in place.

Publication Date

11-1-2014

Publication Title

Energy Economics

Volume

46

Number of Pages

464-471

Document Type

Article

Personal Identifier

scopus

DOI Link

https://doi.org/10.1016/j.eneco.2014.05.013

Socpus ID

84911885118 (Scopus)

Source API URL

https://api.elsevier.com/content/abstract/scopus_id/84911885118

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