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Political feasibility of emission trading systems may crucially depend on the free initial allocation of emission … potential trade-off between such compensation and economic efficiency for alternative allocation rules where emission allowances … is. Whenever the permit price can be considered exogenous to firms or industries, the output-based allocation rule is …
Persistent link: https://www.econbiz.de/10011448451
Persistent link: https://www.econbiz.de/10002110260
National Allocation Plans (NAPs) is not instantaneous, but takes up to six hours after the decision announcement. -- EU ETS …
Persistent link: https://www.econbiz.de/10003875267
The objective of this paper is to present different equity rules that can be applied to the initial allocation of … being ex ante favoured with respect to the initial allocation of permits might not hold ex post, i.e. when trade of permits …-to-pay allocation: The negative impact on the economic perfomance of the big economies leads to a drop of export demand in the smaller …
Persistent link: https://www.econbiz.de/10011441162
This paper presents a political-economy analysis of allowance allocation in the EU Emissions Trading Scheme (EU ETS). A … a cross-section of German firms, but also shows that the political-economy determinants of permit allocation depend on … allocation process. …
Persistent link: https://www.econbiz.de/10003721735
Persistent link: https://www.econbiz.de/10001945521
I study the causal effect of the European Union Emissions Trading System (EU ETS) on the productivity of German manufacturing firms. Using administrative firm-level data, I estimate robust production functions for narrowly defined industries. This approach allows for an endogenous dynamic...
Persistent link: https://www.econbiz.de/10011543592
We investigate the effect of the European Union Emissions Trading System (EU ETS) on the economic performance of manufacturing firms in Germany. Our difference-in-differences framework relies on several parametric conditioning strategies and nearest neighbor matching. As a measure of economic...
Persistent link: https://www.econbiz.de/10011574888
We analyse a principal-agent relationship in the context of international climate policy. Principals in two countries first decide whether to merge domestic emission permit markets to an international market, then delegate the domestic permit supply to an agent. We find that principals select...
Persistent link: https://www.econbiz.de/10011685155
In the context of climate protection policy it has been suggested that global CO2 emissions should be reduced significantly (contraction) and that per capita emissions should gradually be equalized across countries (convergence). This paper uses a dynamic multi-region computable general...
Persistent link: https://www.econbiz.de/10011442448