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Emissions trading and transaction costs: analyzing the flaws in the discussion

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  • Woerdman, Edwin
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    Article provided by Elsevier in its journal Ecological Economics.

    Volume (Year): 38 (2001)
    Issue (Month): 2 (August)
    Pages: 293-304

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    Handle: RePEc:eee:ecolec:v:38:y:2001:i:2:p:293-304

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    Web page: http://www.elsevier.com/locate/ecolecon

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    1. Stavins Robert N., 1995. "Transaction Costs and Tradeable Permits," Journal of Environmental Economics and Management, Elsevier, vol. 29(2), pages 133-148, September.
    2. Elizabeth S. Rolph, 1983. "Government allocation of property rights: Who gets what?," Journal of Policy Analysis and Management, John Wiley & Sons, Ltd., vol. 3(1), pages 45-61.
    3. Jackson, Tim, 1995. "Joint implementation and cost-effectiveness under the Framework Convention on Climate Change," Energy Policy, Elsevier, vol. 23(2), pages 117-138, February.
    4. Woerdman, Edwin, 2000. "Organizing emissions trading: the barrier of domestic permit allocation," Energy Policy, Elsevier, vol. 28(9), pages 613-623, July.
    5. Conrad, Klaus & Kohn, Robert E, 1996. "The US market for SO2 permits : Policy implications of the low price and trading volume," Energy Policy, Elsevier, vol. 24(12), pages 1051-1059, December.
    6. Ger Klaassen & Andries Nentjes, 1997. "Sulfur Trading Under the 1990 CAAA in the US: An Assessment of First Experiences," Journal of Institutional and Theoretical Economics (JITE), Mohr Siebeck, Tübingen, vol. 153(2), pages 384-, June.
    7. Zhang, ZhongXiang, 1998. "Greenhouse gas emissions trading and the world trading system," MPRA Paper 12971, University Library of Munich, Germany.
    8. Woerdman, Edwin, 2000. "Implementing the Kyoto protocol: why JI and CDM show more promise than international emissions trading," Energy Policy, Elsevier, vol. 28(1), pages 29-38, January.
    9. Mark Trexler & Laura Kosloff, 1998. "The 1997 Kyoto Protocol: What Does It Mean for Project-Based Climate Change Mitigation?," Mitigation and Adaptation Strategies for Global Change, Springer, vol. 3(1), pages 1-58, January.
    10. Joskow, Paul L & Schmalensee, Richard & Bailey, Elizabeth M, 1998. "The Market for Sulfur Dioxide Emissions," American Economic Review, American Economic Association, vol. 88(4), pages 669-85, September.
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    Cited by:
    1. Raphael Calel, 2011. "Climate change and carbon markets: a panoramic history," Grantham Research Institute on Climate Change and the Environment Working Papers 52, Grantham Research Institute on Climate Change and the Environment.
    2. Wadud, Zia, 2011. "Personal tradable carbon permits for road transport: Why, why not and who wins?," Transportation Research Part A: Policy and Practice, Elsevier, vol. 45(10), pages 1052-1065.
    3. Evy Crals & Lode Vereeck, 2005. "Taxes, Tradable Rights and Transaction Costs," European Journal of Law and Economics, Springer, vol. 20(2), pages 199-223, September.
    4. Stronzik, Marcus & Hunt, Alistair & Eckermann, Frauke & Taylor, Tim, 2003. "The Role of Transaction Costs and Risk Premia in the Determination of Climate Change Policy Responses," ZEW Discussion Papers 03-59, ZEW - Zentrum für Europäische Wirtschaftsforschung / Center for European Economic Research.
    5. Gordon, Simon, 2003. "Economic Instruments For Nonpoint Source Water Pollution: Options For The Swan-Canning River System," 2003 Conference (47th), February 12-14, 2003, Fremantle, Australia 57873, Australian Agricultural and Resource Economics Society.
    6. Raphael Calel, 2011. "Climate change and carbon markets: a panoramic history," LSE Research Online Documents on Economics 37397, London School of Economics and Political Science, LSE Library.
    7. Krey, Matthias, 2004. "Transaction costs of CDM projects in India: An empirical survey," HWWA Reports 238, Hamburg Institute of International Economics (HWWA).
    8. Larson, Donald F. & Breustedt, Gunnar, 2007. "Will markets direct investments under the Kyoto Protocol ?," Policy Research Working Paper Series 4131, The World Bank.
    9. Donald Larson & Gunnar Breustedt, 2009. "Will Markets Direct Investments Under the Kyoto Protocol? Lessons from the Activities Implemented Jointly Pilots," Environmental & Resource Economics, European Association of Environmental and Resource Economists, vol. 43(3), pages 433-456, July.

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