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The use of long-term contracts in the procurement of coal for electricity generation iscommon. The data that is … observed from contracts and their transactions are fromdifferent levels of the pricing process. Contracts contain the … estimated where the first level is a hedonic model of coal prices. The contractthat initiates the delivery is used to connect …
Persistent link: https://www.econbiz.de/10009465886
by risk averse utilities or the utilities may buy forward contracts for SO{sub 2} allowances. However, speculators may … play an important role by selling forward contracts for SO{sub 2} allowances to the risk averse utilities. The Argonne …
Persistent link: https://www.econbiz.de/10009435433
sulfur coal. Here we assume that regulated electric utilities do have some incentive to lower revenue requirements and hence …
Persistent link: https://www.econbiz.de/10009435822
sulfur coal. Here we assume that regulated electric utilities do have some incentive to lower revenue requirements and hence …
Persistent link: https://www.econbiz.de/10009436272
We investigate a central issue in the climate change debate associated with the Kyoto Protocol: the likely performance of international greenhouse gas trading mechanisms. Virtually all design studies and many projections of the costs of meeting the Kyoto targets have assumed that an...
Persistent link: https://www.econbiz.de/10009445454
lines, liquid sellers, and coal processing plants. To maximize liquidity in secondary markets, permits would be fully …
Persistent link: https://www.econbiz.de/10009445474
We investigate the applicability of the present-value asset pricing model to fishing quota markets by applying instrumental variable panel data estimation techniques to 15 years of market transactions from New Zealand's individual fishing quota market. In addition to the influence of current...
Persistent link: https://www.econbiz.de/10009445482
Individual fishery quotas (IFQs) are an increasingly prevalent form of fishery management around the world, with more than 170 species currently managed with IFQs. Yet, because of the difficulties in matching quota holdings with catches, many argue that IFQs are not appropriate for multispecies...
Persistent link: https://www.econbiz.de/10009445503
Some eighty years ago, economists first proposed the use of corrective taxes to internalize environmental and other externalities. Fifty years later, the portfolio of potential economic-incentive instruments was expanded to include quantity-based mechanisms--tradable permits. Thus,...
Persistent link: https://www.econbiz.de/10009445514
Fisheries worldwide continue to suffer from the negative consequences of open access. In 1986, New Zealand responded by establishing an individual transferable quota (ITQ) system that by 1998 included 33 species and more than 150 markets for fishing quotas. We assess these markets in terms of...
Persistent link: https://www.econbiz.de/10009445526