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Bankruptcy Risk and the Performance of Market-based Pollution Control Policies
Limited Liability, Emissions Trading, Emissions Taxes
2014/11/11
We study the impacts of bankruptcy risk on the performance of market-based pollution control policies. In chapter one, we concentrate on emissions trading markets. We find that firms that risk bankrup...
A MARKET-BASED REGULATORY POLICY TO AVOID FINANCIAL CRISES
economic regulatory policies financial institutions long-term debt levels
2011/8/21
The article discusses the use of economic regulatory policies based on markets to avoid financial crises such as the global financial crisis of 2008 and 2009. Topics include the too-big-to-fail policy...
The Costs of Environmental Regulation in Asia: Command and Control versus Market-based Instruments
Environmental Regulation Asia
2009/9/1
Environmental regulation has been widely applied in Asia, with many
governments introducing command and control (CAC) policies to control the levels of
industry emissions. This paper first examines...