资源描述：
《when does environmental regulation facilitate entry-deterring practices》由会员上传分享，免费在线阅读，更多相关内容在工程资料-天天文库。
1、JournalofEnvironmentalEconomicsandManagement65(2013)133–152ContentslistsavailableatSciVerseScienceDirectJournalofEnvironmentalEconomicsandManagementjournalhomepage:www.elsevier.com/locate/jeemWhendoesenvironmentalregulationfacilitateentry-deterringpractice
2、sa,nb,1AnaEspı´nola-Arredondo,Fe´lixMun˜oz-Garcı´aaSchoolofEconomicSciences,111CHulbertHall,WashingtonStateUniversity,Pullman,WA99164,UnitedStatesbSchoolofEconomicSciences,103GHulbertHall,WashingtonStateUniversity.Pullman,WA99164-6210,UnitedStatesarticlein
3、foabstractArticlehistory:ThispaperevaluatesthewelfarebenefitsofintroducingenvironmentalregulationinaReceived22March2012marketthatissubjecttothethreatofentry.WeconsidercompleteandincompleteAvailableonline16July2012informationsettings,wherepotentialentrantsus
4、etheregulator’staxpolicyandtheKeywords:incumbent’soutputdecisionsinordertoinfertheincumbent’scoststructure.WhentheEntrydeterrenceregulatorisabsent,weshowthatfirms’entry-deterringpracticesincreasepollutionSignalingrelativetocompleteinformation.Hence,undercer
5、tainconditions,environmentalEmissionfeesregulationbecomesmorebeneficialinincompletethanincompleteinformationWelfarebenefitscontexts.Ourresults,therefore,identifyunderwhichcasesanunder-orover-estima-tionofthewelfarebenefitsofenvironmentalregulationarisesfromig
6、noringtheinformationsettinginwhichfirmsinteract.Wealsoexaminehowthisestimationerrorincreasesasfirmsbecomemoresymmetricintheirproductioncosts.&2012ElsevierInc.Allrightsreserved.1.IntroductionThewelfarebenefitsofenvironmentalregulationhavebeenstudiedbothinconte
7、xtswheretheregulatorisinformedaboutfirms’coststructureandinsettingswheretheregulatorisuninformed.Theliteraturehas,however,overlookedthedesignofenvironmentalpolicyinmarketsthataresubjecttothethreatofentrywhere,inparticular,potentialentrantsareuninformedabout
8、theincumbentfirm’scosts.Thispapershowsthatenvironmentalregulationissignificantlydifferentwhenfirmsfacethethreatofentrythanotherwise,evidencingtheneedtounderstandthedesignofoptimalpoliciesinentry-deterringcontext
