arrow checkmark code cross email facebook magnifier pdf phone plus twitter user youtube

Biblioteca

27 de julio 2017
Output-based allocations in pollution markets with uncertainty and self-selection

We study pollution permit markets in which a fraction of permits are allocated to fi rms based on their output. Output-based allocations, which are receiving increasing attention in the design of carbon markets around the world (e.g., Europe, California, New Zealand), are shown to be optimal under demand and supply volatility despite the output distortions they may create. […]

27 de julio 2017
Using output-based allocations to manage volatility and leakage in pollution markets

Output-based allocations (OBAs) are typically used in emission trading systems (ETS) with a fixed cap to mitigate leakage in sectors at risk. Recent work has shown they may also be welfare enhancing in markets subject to supply and demand shocks by introducing some exibility in the total cap, resulting in a carbon price closer to marginal damage. We extend […]

03 de octubre 2016
Output-based allocations in pollution markets with uncertainty and self-selection

We study pollution permit markets in which a fraction of permits are allocated to firms based on their output. Output-based allocations, which are receiving increasing attention in the design of carbon markets around the world (e.g., Europe, California, New Zealand), are shown to be optimal under demand and supply volatility despite the output distortions they […]