reserve price that would set a minimum price in allowance auctions. Opponents of an auction reserve price in the EU ETS have … expressed concern that a minimum auction price would interfere with economic operations in the market or would be tantamount to … and legal arguments for and against an auction reserve price. Our economic analysis concludes that an auction reserve …

The direct sale of emissions allowances by auction is an emerging characteristic of cap-and-trade programs. This study … pollution have started with a generous allocation of allowances relative to recent emissions history, a situation we refer to as … setting to investigate the effects of a loose cap environment on a variety of auction types. We find all auction formats …

reserve price that would set a minimum price in allowance auctions. Opponents of an auction reserve price in the EU ETS have … expressed concern that a minimum auction price would interfere with economic operations in the market or would be tantamount to … and legal arguments for and against an auction reserve price. Our economic analysis concludes that an auction reserve …

free allocation can affect the efficiency and fairness of allowance trading. Inefficiency may result from thin allowance …

demand shift is reflected in sales prices under alternative auction formats. Price tracking is good for uniform-price, sealed …

The purpose of this study was to design an auction mechanism for use by the Regional Greenhouse Gas Initiative (RGGI … auction types considered to be likely candidates for use in a CO₂ allowance auction: sealed-bid, increasing …-price sequential (English clock), and decreasing-price sequential (Dutch) auction forms. We also examined whether sealed-bid auctions …