Partial cross-ownership and strategic environmental policy

Publication year: 2011 Source: Resource and Energy Economics, Available online 23 December 2011 Juan Carlos Bárcena-Ruiz, María Luz Campo This paper analyzes the effect of passive investment in rival firms on the setting of cooperative and non-cooperative environmental taxes. We consider two firms located in different countries, with each firm owning the same percentage of the stock of its rival. We show that bilateral partial cross-ownership affects the taxes set by the countries in the cooperative and non-cooperative cases

Publication year: 2011 Source: Resource and Energy Economics, Available online 23 December 2011 Juan Carlos Bárcena-Ruiz, María Luz Campo This paper analyzes the effect of passive investment in rival firms on the setting of cooperative and non-cooperative environmental taxes. We consider two firms located in different countries, with each firm owning the same percentage of the stock of its rival. We show that bilateral partial cross-ownership affects the taxes set by the countries in the cooperative and non-cooperative cases

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Partial cross-ownership and strategic environmental policy