Public interest versus interest groups: a political economy analysis of allowance allocation under the EU emissions trading scheme

被引:8
作者
Anger, Niels [1 ]
Asane-Otoo, Emmanuel [2 ]
Boehringer, Christoph [2 ]
Oberndorfer, Ulrich [3 ]
机构
[1] European Commiss, DG Energy, Brussels, Belgium
[2] Carl von Ossietzky Univ Oldenburg, Dept Econ, Oldenburg, Germany
[3] OECD, Paris, France
关键词
Emissions trading; Interest groups; German ETS firms;
D O I
10.1007/s10784-015-9285-6
中图分类号
F [经济];
学科分类号
02 ;
摘要
In a theoretical analysis, we use a common agency model to show that lobbying by energy-intensive sectors covered under an emissions trading scheme (ETS) shifts the regulatory burden of an economy-wide emission constraint to sectors outside the ETS. The emission tax on the latter becomes inefficiently high such that lobbying does not only induce burden shifting but also efficiency losses. A complementary empirical analysis for a cross section of German firms under the EU emissions trading scheme supports our theoretical result on the role of lobbying on allowance allocation.
引用
收藏
页码:621 / 638
页数:18
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