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- Title
Game of Regional Environmental Policy: Europe and US.
- Authors
Asproudis, Elias; Khan, Nadeem; Korac-Kakabadse, Nada
- Abstract
We analyse a different timing implementation of environmental regulation and compare the effects on the markets from a policy innovation perspective. The paper addresses the question: Should a regulator try to commit to a policy (ex-ante regulation) or rather adapt its policy to a firm's decisions (ex-post)? The findings are of interest towards improving regulatory effectiveness and economics efficiencies, e.g. for the transatlantic regional relationship between EU and USA. Our findings highlight differences in policy timing between markets may be harmful. The transatlantic regulators should consider the timing of the policy innovation for the achievement of mutual benefits.
- Subjects
ENVIRONMENTAL policy; TRANS-Atlantic Agreement (Organization); FRATERNAL organizations; ECONOMIC models; EXTERNALITIES
- Publication
Journal of Industry, Competition & Trade, 2019, Vol 19, Issue 1, p1
- ISSN
1566-1679
- Publication type
Article
- DOI
10.1007/s10842-018-0274-7