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 …

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 …

disaggregation of European sectors, we find that using auction revenues from the Emissions Trading Scheme (ETS) to support … energy and ETS price increase, the combination of these exemptions and of the use of carbon auction revenues to support …

allowances of CO2, by focusing on the dynamics of daily auction equilibrium prices and on the changes of the volatility of the … auction rules and bidders' behavior and uses them as a theoretical basis of the statistical hypothesis–common to the empirical …

We report on the design and testing of three auction mechanisms to maximize revenue and efficiency in the sale of two … combinatorial sealed bid (CSB) auction, a sequential English clock (SEC) auction, and a combinatorial English clock (CEC) auction …

The purpose of this study was to design an auction mechanism for use by the Regional Greenhouse Gas Initiative (RGGI … auction types considered to be likely candidates for use in a CO₂ allowance auction: sealed-bid, increasing …-price sequential (English clock), and decreasing-price sequential (Dutch) auction forms. We also examined whether sealed-bid auctions …