SciELO - Scientific Electronic Library Online

 
vol.22 número2Programas de protección social y empleo: El Seguro Popular mexicano índice de autoresíndice de materiabúsqueda de artículos
Home Pagelista alfabética de revistas  

Servicios Personalizados

Revista

Articulo

Indicadores

Links relacionados

  • No hay artículos similaresSimilares en SciELO

Compartir


Economía mexicana. Nueva época

versión impresa ISSN 1665-2045

Resumen

GETACHEW FIKRU, Mahelet. Environmental Policies, Mergers and Welfare. Econ. mex. Nueva época [online]. 2013, vol.22, n.2, pp.449-461. ISSN 1665-2045.

Unlike previous theoretical studies, we examine the welfare effects of a merger when participating firms are in a pollution-intensive sector. With passive environmental policy we show that profitable mergers reduce welfare; and this is because the reduction in consumer surplus and tax revenue dominates any rise in profit and utility. On the contrary, with active policies we show that profitable mergers are welfare enhancing due to lower gross pollution, higher consumer surplus, lower tax costs and efficiency gains. The results imply that though environmental policies are adopted for the primary purpose of reducing pollution, such policies may have a negative effect on social welfare if they do not take into account the market structure and competitiveness of sectors.

Palabras llave : end-of-the-pipe type abatement; environmental policy; merger; pollution intensity; welfare.

        · resumen en Español     · texto en Inglés     · Inglés ( pdf )

 

Creative Commons License Todo el contenido de esta revista, excepto dónde está identificado, está bajo una Licencia Creative Commons