transparent gif


Ej inloggad.

Göteborgs universitets publikationer

Output and Abatement Effects of Allocation Readjustment in Permit Trade

Författare och institution:
Thomas Sterner (Institutionen för nationalekonomi med statistik, Enheten för miljöekonomi); Adrian Müller (Institutionen för nationalekonomi med statistik)
Publicerad i:
Climatic Change, 86 ( 1-2 ) s. 33-49
Artikel, refereegranskad vetenskaplig
Sammanfattning (abstract):
In permit trading systems, free initial allocation is common practice. A recent example is the European Union Greenhouse Gas Emission Trading Scheme (EU-ETS). We investigate effects of different free allocation schemes on incentives and identify significant perverse effects on abatement and output employing a simple multi-period model. Firms have incentives for strategic action if allocation in one period depends on their actions in previous ones and thus can be influenced by them. These findings play a major role where trading schemes become increasingly popular as environmental or resource use policy instruments. This is of particular relevance in the EU-ETS where the current period is a trial-period before the first commitment period of the Kyoto protocol. Finally, this paper fills a gap in the literature by establishing a consistent terminology for initial allocation.
Ämne (baseras på Högskoleverkets indelning av forskningsämnen):
Ekonomi och näringsliv ->
Postens nummer:
Posten skapad:
2008-01-11 15:17
Posten ändrad:
2009-01-21 10:16

Visa i Endnote-format

Göteborgs universitet • Tel. 031-786 0000
© Göteborgs universitet 2007