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The European Emission Trading Scheme and Renewable Energy Policies: Credible Targets for Incredible Results?
Borghesi, Simone - Fondazione ENI Enrico Mattei (FEEM) - 2010
This paper discusses the merits and limits of the recent European energy policy aimed at reducing carbon emissions, devoting particular attention to the European Trading System of carbon permits and to the measures that the European Union has adopted to promote renewable energy sources. From the...
Persistent link: https://www.econbiz.de/10008828388
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Quid Pro Quo in IPOs: Why Book-building is Dominating Auctions
Degeorge, François; Derrien, François; Womack, Kent L. - Fondazione ENI Enrico Mattei (FEEM) - 2004
from auction alternatives in recent years, despite significantly lower costs in both direct fees and initial underpricing … when using the auction mechanism. This paper shows that in the French market, where the frequency of book-building and …
Persistent link: https://www.econbiz.de/10005570254
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How to Win Twice at an Auction. On the Incidence of Commissions in Auction Markets
Ginsburgh, Victor; Legros, Patrick; Sahuguet, Nicolas - Fondazione ENI Enrico Mattei (FEEM) - 2004
We analyze the welfare consequences of an increase in the commissions charged by the organizer of an auction … of tax incidence in consumer economics. We argue, however, that auction markets deserve a separate treatment. Indeed we …
Persistent link: https://www.econbiz.de/10005570265