-in-the-field experiments, we compare the revenue-neutral consignment auction (CA) with the free allocation (grandfathering, GF hereafter) and … uniform price auction (UPA) as an alternative permit allocation design. In our setup, firms first receive their permits for … free, and then under the two auction mechanisms, they need to buy back a share of the permits with auction revenues …

in 2013, to be increased to 100 % by 2020. In this paper, we emphasize the importance of a properly chosen auction design … as the significantly higher auction share, compared to the past and current trading phase, is expected to yield a thin … secondary market for CO2 allowances. We elaborate main criteria that a viable auction design is supposed to fulfil and propose a …

traded in a secondary spot market. Low and high emitters compete for permits in the auction, while permits are assigned for … skewed towards high emitters. Furthermore, the opportunity costs of “free” permits are fully “passed through.” In the auction …

traded in a secondary spot market. Low and high emitters compete for permits in the auction, while permits are assigned for … skewed towards high emitters. Furthermore, the opportunity costs of “free” permits are fully “passed through”. In the auction …

Environmental Protection Agency (EPA)'s Clean Power Plan. Auction-based approaches, like those used in the Northeast U.S. and … provides the results from a controlled laboratory experiment of an auction-based emissions market in the electricity sector …

The direct sale of emissions allowances by auction is an emerging characteristic of cap-and-trade programs. This study … setting to investigate the effects of a loose cap environment on a variety of auction types. We find all auction formats … studied are efficient in allocating emissions allowances, but auction revenues tend to be lower relative to competitive …

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

-unit, multi-bid uniform auction, modelled as a Bayesian game of incomplete information. At the auction each firm anticipates his … as their bidding strategies and it precludes the auction from generating a cost-effective allocation of permits, as it … would occur in simpler auction models. Auctioning tends to be more cost-effective than grandfathering when the firms' costs …