In a number of papers, McKibbin and Wilcoxen (1997a,1997b,1999) have proposed to tackle rising greenhouse emissions by … greenhouse emissions. This paper argues that early action by Australia alone is difficult to justify. However, if early action on …

The direct sale of emission 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 that all auction formats … studied are efficient in allocating emission allowances, but auction revenues tend to be lower relative to competitive …

We investigate the cost-effectiveness and distributional effects of a revenue-raising auction, grandfathering, and a …. We solve a detailed national electricity market model and find the auction is roughly one-half the societal cost of the … performance standard yields the lowest electricity price but highest natural gas price. The auction does better than the …

) through an improved allocation of contracts. In theory, through the auction mechanism, farmers have incentives to reveal their … simulate the potential contribution of auction mechanisms to the efficiency of AES in Emilia-Romagna (Italy). The results show …

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