| Budget Amount *help |
¥3,250,000 (Direct Cost: ¥2,500,000、Indirect Cost: ¥750,000)
Fiscal Year 2015: ¥910,000 (Direct Cost: ¥700,000、Indirect Cost: ¥210,000)
Fiscal Year 2014: ¥1,170,000 (Direct Cost: ¥900,000、Indirect Cost: ¥270,000)
Fiscal Year 2013: ¥1,170,000 (Direct Cost: ¥900,000、Indirect Cost: ¥270,000)
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| Outline of Final Research Achievements |
This research theoretically investigated the domestic emissions trading scheme in an open economy using a political economy framework. By constructing a model in which the amount of emissions cap and the distribution of emissions permits were endogenously determined, we showed that a corruptible government issued inefficient amounts of emissions cap to benefit its preferable group. We also showed that a pro-welfare government which would be replaced by a corruptible government in the future chose grandfathering system to make the amount of emissions cap chosen in the future more efficient. Finally, we showed that trade liberalization (or globalization) would enhance the efficiency of the emissions trading scheme in the sense that it would correct the inefficient choices by the corruptible government.
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