Golombek, Rolf; Kittelsen, Sverre A.C.; Rosendahl, Knut … - 2011
We analyze how different ways of allocating emission quotas may influence the electricity market. Using a large … effects on the electricity market, even if the total emission target is fixed. This is particularly the case if output … higher. The paper analyzes other allocation mechanisms as well, leading to yet more outcomes in the electricity market. The …