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Do Emission Trading Schemes Facilitate Efficient Abatement Investments? An Experimental Study

Van Koten, Silvester - 2014

Cap-and-trade programs, such as the EU carbon Emission Trading Scheme, are currently the most prominent market-based method used to reduce carbon emissions. Cap-and-trade programs are, on theoretical grounds, considered to be a cost-efficient method. Experimental evidence, however, shows that...

Persistent link: https://www.econbiz.de/10013058528

Carbon Matching Commitments

Coleman, James W. - 2022

With the United States’ reentry to the Paris Agreement, there is now consensus among the world's largest carbon emitters that emissions must be reduced. But there is still a radical lack of consensus on what regulations should be chosen to reduce carbon. Worse, there is also a radical...

Persistent link: https://www.econbiz.de/10013307945

Optimal management of markets for bankable emission permits

Lintunen, Jussi; Kuusela, Olli-Pekka - 2015

We examine the optimal management of emission permit markets when banking but not borrowing of permits is allowed. The regulator maximizes expected social welfare through an optimal allocation rule in an infinite horizon setting. The policy is second-best as the emission cap is set before the...

Persistent link: https://www.econbiz.de/10010528840

The politics of market linkage : linking domestic climate policies with international political economy

Green, Jessica F.; Sterner, Thomas; Wagner, Gernot - 2014

After twenty years of global negotiations, the world is still far from a comprehensive climate agreement. The "top-down" approach embodied by the Kyoto Protocol has all but stalled, chiefly due to disagreements over levels of ambition and objections to financial transfers. To avoid those...

Persistent link: https://www.econbiz.de/10010373734

The reformed EU ETS : intertemporal emission trading with restricted banking

Bocklet, Johanna; Hintermayer, Martin; Schmidt, Lukas; … - 2019

With the increase of the linear reduction factor (LRF), the implementation of the market stability reserve (MSR) and the introduction of the cancellation mechanism (CM), the EU ETS changed fundamentally. We develop a discrete time model of the intertemporal allowance market that accurately...

Persistent link: https://www.econbiz.de/10011990912

On the effects of linking voluntary cap-and-trade systems for CO2 emissions

Weitzman, Martin L.; Holtsmark, Bjart - 2018

Linkage of cap-and-trade systems is typically advocated by economists on a general analogy with the beneficial linking of free-trade areas and on the specific grounds that linkage will ensure cost effectiveness among the linked jurisdictions. An appropriate and widely accepted specification for...

Persistent link: https://www.econbiz.de/10011900764

Climate policy and trade in polluting technologies

Ferguson, Shon; Heijmans, Roweno - 2023

This study estimates the impact of carbon pricing on international trade in equipment used in the combustion of fossil fuels during the period 1995-2021. Using detailed data on bilateral trade combined with data on domestic carbon prices, we find that carbon pricing policies are associated with...

Persistent link: https://www.econbiz.de/10014332164

Menstrual cycle and competitive bidding

Pearson, Matthew; Schipper, Burkhard - 2009 - Rev.

; menstrual cycle ; gender ; likelihood of conception ; first price auction ; risk behavior ; competition ; bidding …

Persistent link: https://www.econbiz.de/10003878997

Uniform vs. discriminatory auctions with variable supply : experimental evidence

Damianov, Damian Stefanov; Oechssler, Joerg; Becker, … - 2007

In the variable supply auction considered here, the seller decides how many costumers with unit demand to serve after … discriminatory price auction is better for the seller in this setting. Exactly as predicted by theory, it turns out that the uniform … price auction produces substantially higher bids, and consequently yields higher revenues and profits for the seller …

Persistent link: https://www.econbiz.de/10003592986

Call Market Experiments : Efficiency and Price Discovery Through Multiple Calls and Emergent Newton Adjustments

Plott, Charles R. - 2017

We study multiple-unit, laboratory experimental call markets in which orders are cleared by a single price at a scheduled "call." The markets are independent trading "days" with two calls each day preceded by a continuous and public order flow. Markets approach the competitive equilibrium over...

Persistent link: https://www.econbiz.de/10012971806

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