socially optimal allocation during the transitional phase to the social planner's steady state. …

allocation to low-activity installations, for installations operating below the threshold, the financial gain from increasing …) relative to a scenario without ALTs, but this gain is small compared to an output based allocation method, which would further … reduce overallocation by 40 million allowances (29% of total cement sector free allocation). Firms responded …

based allocation (Australia, California, New Zealand) and capacity based allocation (EU). This paper characterizes the best … output and capacity based allocation is proved to be the optimal second best policy. The EU scheme for 2013-2020 is discussed …, using cement as a case study. -- cap and trade ; output based allocation ; subsidization of capacity ; climate policy …

combine an emission trading system (ETS) with output-based allocation (OBA) of allowances to exposed industries. We first show …

pricing. A common policy measure against leakage is output-based allocation of emissions allowances, whose effectiveness could … analysis to derive optimal combinations of output-based allocation and consumption taxes for different assumptions on the … analytical finding is that output-based allocation and consumption taxes are complements rather than substitutes, i.e., the …