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In this paper we advocate a new initial allocation mechanism for a tradable pollution permit market. We outline a … Permit Allocation Contest (PAC) that distributes permits to firms based on their rank relative to other firms. This ranking …'s cost structure and the regulator's choice of permit allocation schedule (distribution of permits to the market …
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The first half of the paper provides a brief overview of the European Union’s Emission Trading System (EU ETS), and discusses how emission allowances have been allocated during the first two phases of the trading scheme. I then discuss the effects of auctioning off more emission allowances...
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in die auktionsbasierte nationale Reallokation von Treibhausgas-Emissionsrechten und Treibhausgas-Emissionsgutschriften auf Unternehmensebene -- Hintergrund der Treibhausgas-Emissionsrechte und Treibhausgas-Emissionsgutschriften -- Realproblem der Reallokation von Treibhausgas-Emissionsrechten...
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