caa a22 4500 445855258 CHVBK 20180317145426.0 cr unu---uuuuu 170323e20111101xx s 000 0 eng 10.1007/s10640-011-9475-9 doi (NATIONALLICENCE)springer-10.1007/s10640-011-9475-9 Meunier Guy Ecole Polytechnique, Route de Saclay, 91128, Palaiseau Cedex, France aut Emission Permit Trading Between Imperfectly Competitive Product Markets [Elektronische Daten] [Guy Meunier] The present paper analyzes the efficiency of emission permit trading between two imperfectly competitive product markets. Even if firms are price takers in permit markets, the integration of permit markets can decrease welfare because of imperfect competition in product markets. If there is asymmetric information between the regulator and firms, the integration of the permit markets could have a positive effect related to the flexibility of an integrated market; this flexibility can justify integrating the permit markets. Springer Science+Business Media B.V., 2011 Emission permit market nationallicence Demand uncertainty nationallicence Imperfect competition nationallicence Market integration nationallicence Environmental and Resource Economics Springer Netherlands 50/3(2011-11-01), 347-364 0924-6460 50:3<347 2011 50 10640 https://doi.org/10.1007/s10640-011-9475-9 text/html Onlinezugriff via DOI 1 research-article jats NATIONALLICENCE 856 40 https://doi.org/10.1007/s10640-011-9475-9 text/html Onlinezugriff via DOI NATIONALLICENCE 100 1- Meunier Guy Ecole Polytechnique, Route de Saclay, 91128, Palaiseau Cedex, France aut NATIONALLICENCE 773 0- Environmental and Resource Economics Springer Netherlands 50/3(2011-11-01), 347-364 0924-6460 50:3<347 2011 50 10640 Metadata rights reserved Springer special CC-BY-NC licence nationallicence BK010053 XK010053 XK010000 NATIONALLICENCE NATIONALLICENCE NL-springer