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Is environmental regulation bad for competition? A survey
journal contribution
posted on 2023-06-08, 16:03 authored by Anthony HeyesTheoretical and empirical research points to environmental regulation affecting the vigour of competition in product markets. We provide a critical, selective survey of that research. Environmental regulations can advantage large firms over small and raise concentration. They can discourage entry in their own right, and provide instruments with which incumbents can discourage entry strategically. They can provide the basis for predatory behavior by incumbents. Policy governance needs to be coordinated sufficiently to ensure that these secondary effects are accounted for in policy design. Cost-benefit evaluation of environmental policies that fail to account for likely detrimental impacts on product market competition will overstate the net benefits.
History
Publication status
- Published
Journal
Journal of Regulatory EconomicsISSN
0922-680XPublisher
Springer VerlagExternal DOI
Issue
1Volume
36Page range
1-28Department affiliated with
- Economics Publications
Full text available
- No
Peer reviewed?
- Yes