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 …

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 …

This paper proposes a fixed price auction mechanism to overcome asymmetric information problem considering firms with … heterogeneous emission abatement costs. When facing fixed price permit auction and emission trading market, firms will make trade … compare performances of fixed price auction scheme to pure price scheme and pure quantity scheme. Simulation results are …

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 …

whatever auction revenues are collected? This paper employs a dynamic general equilibrium model of the U.S. economy to address … indicate that profit preservation is consistent with substantial use of auctioning and the generation of considerable auction … allowances are freely allocated and no auction revenue is generated. On the other hand, when the auction proceeds are returned to …

strategy is less profitable to dominant firms in contemporary auction-based markets than strategic capacity withholding in the …