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dc.contributor.authorGautier, Luis
dc.contributor.authorFikru, Mahelet G.
dc.date.accessioned2024-04-16T06:21:47Z
dc.date.available2024-04-16T06:21:47Z
dc.date.issued2024-04-15
dc.identifier.citationGautier, L., Fikru, M.G. The Design of Emission Taxes in Markets with New Firm Acquisitions. Environ Resource Econ (2024). https://doi.org/10.1007/s10640-024-00845-2es_ES
dc.identifier.urihttps://hdl.handle.net/10630/31036
dc.description.abstractIn the 1990s there was a great deal of interest in the study of the role of endogenous market structure under oligopoly in the characterization of emission taxes. This interest was instrumental in providing policy guidance on the design of emission taxes based on market characteristics. However, the literature has been silent on offering policy recommendations on the design of emission taxes under endogenous market structure in the presence of new firm acquisitions. We build a model where new firms enter the market where some are acquired by an incumbent multi-plant firm, altering the initial market structure. In this framework, we characterize the second-best emission tax and examine the role of the resulting market structure, in particular the role of acquiring more/fewer of the new firms, in the optimal design of emission tax. We argue that, under certain conditions, the acquisition of new firms may lead to higher taxation consistent with the Pigouvian rule or even exceed marginal damages. Our contribution is at the intersection of emission tax design and M &A (new firm acquisition) literature.es_ES
dc.description.sponsorshipFunding for open access charge: Universidad de Málaga / CBUAes_ES
dc.language.isoenges_ES
dc.publisherSpringeres_ES
dc.rightsinfo:eu-repo/semantics/openAccesses_ES
dc.rights.urihttp://creativecommons.org/licenses/by-nc-sa/4.0/*
dc.subjectImpuestos ambientaleses_ES
dc.subjectContaminación - Controles_ES
dc.subject.otherEmission taxes_ES
dc.subject.otherPollution abatementes_ES
dc.subject.otherStart-upses_ES
dc.subject.otherFree entry and exites_ES
dc.subject.otherM&Aes_ES
dc.titleThe Design of Emission Taxes in Markets with New Firm Acquisitionses_ES
dc.typeinfo:eu-repo/semantics/articlees_ES
dc.centroFacultad de Ciencias Económicas y Empresarialeses_ES
dc.identifier.doi10.1007/s10640-024-00845-2
dc.rights.ccAtribución-NoComercial-CompartirIgual 4.0 Internacional*
dc.type.hasVersioninfo:eu-repo/semantics/publishedVersiones_ES


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