@article{Gao:188003,
      recid = {188003},
      author = {Gao, Shuai and Cai, Wenjia and Liu, Wenling and Wang, Can  and Zhang, ZhongXiang},
      title = {Corporate Preferences for Domestic Policy Instruments  under a Sectoral Market Mechanism: A Case Study of Shanxi  Province in China},
      address = {2014-10-28},
      number = {829-2016-55216},
      series = {ES},
      pages = {34},
      month = {Oct},
      year = {2014},
      abstract = {Understanding companies’ preferences for various domestic  policy instruments is crucial to designing and planning  Sectoral Market Mechanism (SMM) in China. Based on a  detailed overview of domestic policy instruments under SMM,  this paper evaluates corporate preferences for diverse  domestic policy instruments and identifies potential  influencing factors through econometric analysis. The data  were collected from 113 respondents in all 11  prefecture-level cities of Shanxi province, China.  Regarding policy instruments under the system of government  receiving tradable units, corporate energy saving  potential, learning capacity and companies’ characteristics  have shown significant influences on companies’  preferences. Dissemination and the popularization of  knowledge are also important to help companies learn how to  improve energy efficiency. In terms of policy measures with  voluntary installation-level targets, corporate competition  level, organizational size and ownership are the main  factors influencing companies’ preferences. Reducing  inequality in the distribution of responsibility is  especially important to gain companies’ support. Under the  policy with mandatory installation-level targets, it  suggests that policymakers should focus on status of energy  use management and internationalization orientation. Policy  instruments familiar to companies that are able to relieve  corporate financial pressures might be good options to gain  higher acceptance. Moreover, our results show that it is  very important to choose an issuance frequency of one to  three years under sectoral crediting.},
      url = {http://ageconsearch.umn.edu/record/188003},
      doi = {https://doi.org/10.22004/ag.econ.188003},
}