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Emissions Trading with Profit-Neutral Permit Allocations

Hepburn, Cameron; Quah, John; Ritz, Robert A. - Department of Economics, Oxford University - 2008

This paper examines the operation of an emissions trading scheme (ETS) in a Cournot oligopoly. We study the impact of the ETS on industry output, price, costs, emissions, and profits. In particular, we develop formulae for the number of emissions permits that have to be freely allocated to...

Persistent link: https://www.econbiz.de/10011004312

Emissions Trading and Profit-Neutral Grandfathering

Hepburn, Cameron; Quah, John; Ritz, Robert - Department of Economics, Oxford University - 2006

This paper examines the amount of grandfathering needed for an emissions trading scheme (ETS) to have a neutral impact on firm profits. We provide a simple formula to calculate profit-neutral grandfathering in a Cournot model with firms of different sizes and a general demand function. Using...

Persistent link: https://www.econbiz.de/10005090678

Carbon leakage under incomplete environmental regulation: An industry-level approach

Ritz, Robert A. - Department of Economics, Oxford University - 2009

Carbon leakage is a major concern for policymakers involved with environmental initiatives such as the European Union's emissions trading scheme and similar cap-and-trade proposals in the United States, Australia, and elsewhere. This paper provides a framework for understanding the drives...

Persistent link: https://www.econbiz.de/10008495879

Patent Laws and Innovation in China

Yueh, Linda - Department of Economics, Oxford University - 2006

China during the reform period. It appears that the patent laws have produced a stock of patents, where the success rates of … which factors would explain innovation in China. We find the main determinants of patents to be R&D expenditure and foreign … laws in China have been associated with innovation that has accompanied economic growth despite imperfections in the legal …

Persistent link: https://www.econbiz.de/10004977872

The Economic Causes and Consequences of Social Instability in China

Knight, John - Department of Economics, Oxford University - 2012

Social instability is a concept that economists rarely analyse, and yet it can lurk behind much economic policy-making. Chinaâ€™s leadership has often publicly expressed its concerns to avoid â€˜social instabilityâ€™. It is viewed as a threat both to the political order and to...

Persistent link: https://www.econbiz.de/10011133081

Minorities in Rural China: Poorer but Inherently Happier?

Knight, John; Shi, Li; Chang, Yuan - Department of Economics, Oxford University - 2014

This is a pioneering study of the determinants of the subjective well-being of ethnic minority people in rural China …

Persistent link: https://www.econbiz.de/10011159002

Subjective Well-being and Social Evaluation in a Poor Country

Knight, John; Gunatilaka, Ramani - Department of Economics, Oxford University - 2014

determinants of subjective well-being. Less attention has been paid to its normative implications. Taking China as a case study …

Persistent link: https://www.econbiz.de/10011159009

Carbon policy in a high-growth economy: The case of China

Bretschger, Lucas; Zhang, Lin - Department of Economics, Oxford University - 2014

because it would imply too high costs for fast growing economies like China. To quantify these costs we develop a general …

Persistent link: https://www.econbiz.de/10011183195

Memory and Anticipation: New Empirical Support for an Old Theory of the Utility Function

Knight, John; Gunatilaka, Ramani - Department of Economics, Oxford University - 2014

appropriate data set for China. The tests favour the early theories. Implications are drawn. …

Persistent link: https://www.econbiz.de/10011004132

Is the Dragon Learning to Fly? An Analysis of the Chinese Patent Explosion

Eberhardt, Markus; Helmers, Christian - Department of Economics, Oxford University - 2011

China and the United States. We construct a firm-level dataset by matching USPTO and SIPO patents to Chinese manufacturing … China are considerably younger, larger and substantially more export-oriented than firms patenting exclusively in China …. Our study contributes to the debate on China's innovative prowess and its potential to transition from an imitator to an …

Persistent link: https://www.econbiz.de/10011004142