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Generalized reduced-form auctions: a network-flow approach
Che, Yeon-Koo; Kim, Jinwoo; Mierendorff, Konrad - Institut für Volkswirtschaftslehre, … - 2011
We develop a network-flow approach for characterizing interim-allocation rules that can be implemented by ex post …
Persistent link: https://www.econbiz.de/10009321752
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Two world views on carbon revenues
Burtraw, Dallas; Sekar, Samantha - In: Journal of Environmental Studies and Sciences 4 (2014) 1, pp. 110-120
The introduction of a price on CO<Subscript>2</Subscript> is expected to be more efficient than prescriptive regulation. It also instantiates substantial economic value. Initially, programs allocated this value to incumbent firms (grandfathering), but the growing movement toward auctioning or emissions fees makes...</subscript>
Persistent link: https://www.econbiz.de/10010995513
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Tradable rights to emit air pollution
Burtraw, Dallas; Evans, David A. - In: Australian Journal of Agricultural and Resource Economics 53 (2009) 1
. In addition to the level of the cap, the most important decision facing policymakers will be the initial allocation of …
Persistent link: https://www.econbiz.de/10010888129
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California’s New Gold: A Primer on the Use of Allowance Value Created under the CO2 Cap-and-Trade Program
Burtraw, Dallas; McLaughlin, David; Szambelan, Sarah Jo - 2012
ratepayers. In the first year a fraction of allowances, mostly with future year vintage, will be sold through an auction with a … legislature. Allowance auction revenue will grow five-fold in 2015 when transportation and natural gas are included. To whom does …
Persistent link: https://www.econbiz.de/10010556839
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For the Benefit of California Electricity Ratepayers: Electricity Sector Options for the Use of Allowance Value Created under California’s Cap-and-Trade Program
Burtraw, Dallas; McLaughlin, David; Szambelan, Sarah Joh - 2012
California will implement a cap-and-trade program to limit emissions of carbon dioxide covering industry and electricity sector emissions in 2013, expanding to cover transportation and natural gas in 2015. Although cap-and-trade would increase annual electricity costs for the average customer by...
Persistent link: https://www.econbiz.de/10010556840
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Allocation, externalities, and the fair division approach: An experimental study
Weiland, Torsten - Wirtschaftswissenschaftliche Fakultät, … - 2008
We experimentally investigate four allocation mechanisms - all based on the fair division approach, with varying bid … elicitation methods and price rules - in terms of their allocation efficiency, distributional effects, and regularities in … complicating an efficient allocation. Indeed, observed bidding is dominated by strategic reporting which, however, only marginally …
Persistent link: https://www.econbiz.de/10005090587
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Tradable Rights to Emit Air Pollution
Burtraw, Dallas; Evans, David A. - 2008
. In addition to the level of the cap, the most important decision facing policymakers will be the initial allocation of …
Persistent link: https://www.econbiz.de/10005442496
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Two World Views on Carbon Revenues
Burtraw, Dallas; Sekar, Samantha - 2013
The introduction of a price on carbon dioxide is expected to be more efficient than prescriptive regulation. It also instantiates substantial economic value. Initially programs allocated this value to incumbent firms (grandfathering), but the growing movement toward auctioning or emissions fees...
Persistent link: https://www.econbiz.de/10010709635
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The Effect on Asset Values of the Allocation of Carbon Dioxide Emission Allowances
Burtraw, Dallas; Palmer, Karen; Bharvirkar, Ranjit; … - 2002
than having them distributed for free. This analysis shows that it takes just 7.5% of the revenue raised under an auction …
Persistent link: https://www.econbiz.de/10005399466
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How Have Catch Shares Been Allocated?
Lynham, John - Department of Economics, University of Hawaii-Manoa - 2012
fishery in the world. The main approaches used to allocate catch shares include: (i) auctions, (ii) equal allocation, (iii …
Persistent link: https://www.econbiz.de/10010570029