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Auctions used to allocate multiple units of a homogeneous good account for a large number of transactions in market … a homogenous good. Import quota auctions in Norway represents one notable example of a practical application of this … units of a homogenous good. After some theoretical perspectives on multi-unit ascending auctions, the paper presents some …
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Die seit Jahren niedrigen Zertifikatpreise werden häufig als Begründung dafür angeführt, dass eine Reformierung des EU-Emissionshandels zwingend notwendig wäre. Der von der Europäischen Kommission favorisierte Reformvorschlag ist die Marktstabilitätsreserve. Dies ist ein regelbasierter...
Persistent link: https://www.econbiz.de/10011415890
We analyse strategic environmental standards in the presence of foreign direct investment (FDI). A foreign firm located in a host country competes with a domestic firm in another country to export a homogeneous good to a third country. We also extend the model to allow the number of FDI to be...
Persistent link: https://www.econbiz.de/10011608817
In this paper, we discuss the endogenous formation of climate coalitions in an issue-linkage regime. In particular, we propose to build a link to the issue of preferential free trade. Trade privileges exclusively granted to members of the climate coalition work as an incentive mechanism for...
Persistent link: https://www.econbiz.de/10011853949
A group of small competitive permits traders facing an imperfectly competitive permit market may consider cooperation (merger) to act strategically in the permit market. It is a well-known result in the literature that the horizontal merger of Cournot players may be unprofitable because of the...
Persistent link: https://www.econbiz.de/10011968338
Many studies have shown that the activities of multinational corporations are quite sensitive to differences in income tax rates across countries. In this paper I explore the interaction between multinational taxation and abatement activities under an international emissions permit trading...
Persistent link: https://www.econbiz.de/10009445440
In theory, competitive emission permit markets minimise total abatement cost for any emissionceiling. Permit markets are often imperfectly competitive, however, if they are thin anddominated by large firms. The dominant firm(s) could exercise market power and increase otherfirms’ costs of...
Persistent link: https://www.econbiz.de/10009445935