Optimal Trading Ratios for Pollution Permit Markets
In this paper the authors demonstrate a novel method for improving the e ciency of pollution permit markets by optimizing the way in which emissions are exchanged through trade.
In this paper the authors demonstrate a novel method for improving the e ciency of pollution permit markets by optimizing the way in which emissions are exchanged through trade.
Katja Yafimava’s paper details this evolving landscape and sets out the key debates on issues of capacity allocation and congestion management. The paper’s secondary focus is the impact on Russia, as the main external supplier of gas to Europe, and in particular the impact on Gazprom’s existing supply and capacity contracts and its plans to build extensive new pipeline capacity for exports to Europe.
A. Leconte and T. Pagano, USAEE-IAEE Working Paper. This paper presents a Welfare model in the context of a global carbon market with uncertain information…
Bosello, F. and C. Chen (2010). Adapting and Mitigating to Climate Change: Balancing the Choice under Uncertainty. FEEM Note di lavoro No. 2010.159, Dec 2010.
This paper enriches the rapidly expanding literature trying to devise normative indications on the optimal combination of the two introducing the role of catastrophic and spatial uncertainty related to climate change damages…
Jacobsen, G.D., M.J. Kotchen, M.P. Vandenbergh (2010). The Behavioral Response to Voluntary Provision of an Environmental Public Good: Evidence from Residential Electricity Demand. NBER Working Paper No. 16608, Dec 2010.
This paper develops a theory of voluntary provision of a public good in which a household’s decision to engage in a form of environmentally friendly behavior is based on the desire to offset another behavior that is environmentally harmful…