Impact of carbon capture and storage, cap-and-trade, and multiproduct cost structure on pollution in an oligopoly
學年 112
學期 2
出版（發表）日期 2024-07-16
作品名稱 Impact of carbon capture and storage, cap-and-trade, and multiproduct cost structure on pollution in an oligopoly
作品名稱（其他語言）
著者 Shi Chen, X. Duan, J. H. Lin, and C. H. Chang
單位
出版者
著錄名稱、卷期、頁數 Energy Economics 137 (2024) 107773
摘要 This paper presents an oligopolistic model to examine the effects of cap-and-trade regulations, carbon capture and storage (CCS), and multiproduct cost structures on reducing pollution emissions. It investigates an oligopoly consisting of both carbon-intensive and environmentally friendly manufacturers that produce goods and pollutants concurrently. The findings suggest that in a quasi-competitive or Cournot-type conjectural variation (CV), a tighter cap leads to increased pollution from the carbon-intensive manufacturer but decreased pollution in a collusive CV. Moreover, this stricter cap notably diminishes the equity of the carbon-intensive manufacturer in a collusive scenario and that of the green manufacturer in a quasi-competitive environment. When the green manufacturer adopts advanced CCS technology or operates with a subadditive cost structure, pollution from the carbon-intensive manufacturer decreases in quasi-competitive and collusive scenarios but increases under Cournot-type CV. Meanwhile, the green manufacturer experiences the greatest equity boost with advanced CCS technology in collusive settings, while its equity decreases most significantly with a subadditive cost structure in quasi-competitive CV. Our contribution indicates that the efficacy of climate policies in oligopolies depends on both multiproduct cost structures and CVs employed.
關鍵字 Cap-and-trade Carbon capturer and storage Conjectural variation Multiproduct cost Pollution
語言 en
ISSN
期刊性質 國外
收錄於 SSCI
產學合作
通訊作者 Jyh-Horng Lin
審稿制度 是
國別 NLD
公開徵稿
出版型式 ,電子版
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