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Strathprints makes available Open Access scholarly outputs exploring both the technical aspects of computer security, but also the regulation of existing or emerging technologies. A research specialism of the Department of Computer & Information Sciences (CIS) is computer security. Researchers explore issues surrounding web intrusion detection techniques, malware characteristics, textual steganography and trusted systems. Digital forensics and cyber crime are also a focus.

Meanwhile, the School of Law and its Centre for Internet Law & Policy undertake studies on Internet governance. An important component of this work is consideration of privacy and data protection questions and the increasing focus on cybercrime and 'cyberterrorism'.

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Strategic trade in pollution permits

Dickson, Alexander and MacKenzie, Ian (2017) Strategic trade in pollution permits. Journal of Environmental Economics and Management. pp. 1-37. ISSN 0095-0696

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Abstract

Markets for pollution have become a popular regulatory instrument. In this article we investigate the implications of strategic trade in pollution permits. The permit market is developed as a strategic market game, where all firms are allowed to behave strategically and their roles as buyers or sellers of permits are determined endogenously with price-mediated trade. In a second stage, firms transact on a product market and we allow for a variety of market structures. We identify a unique equilibrium in permit exchange, investigate the properties of this equilibrium, and consider the effect of strategic behavior in the product market.

Item type: Article
ID code: 60839
Keywords: pollution market, market power, strategic market game, Commerce, Environmental Sciences, Management, Monitoring, Policy and Law, Pollution, Economics and Econometrics
Subjects: Social Sciences > Commerce
Geography. Anthropology. Recreation > Environmental Sciences
Department: Strathclyde Business School > Economics
Depositing user: Pure Administrator
Date deposited: 06 Jun 2017 00:55
Last modified: 13 May 2018 06:49
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URI: https://strathprints.strath.ac.uk/id/eprint/60839
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