Is there a more effective way to reduce carbon emissions?
AbstractWhilst emissions trading systems are widely held to be able to deliver lowest-cost abatement, uncertainty reduces their effectiveness. We consider a new scheme, the Tender-Price Allocation Mechanism, which focuses carbon factor cost expenditure on abatement rather than just revenue transfers. It is a scheme that reduces uncertainty and the costs of uncertainty for both firms and regulators. It also incorporates a suite of incentives that compensates for the externalities associated with abatement investment.
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Bibliographic InfoPaper provided by School of Economics, University of Queensland, Australia in its series Energy Economics and Management Group Working Papers with number 04.
Date of creation: 2010
Date of revision:
This paper has been announced in the following NEP Reports:
- NEP-ALL-2010-12-11 (All new papers)
- NEP-ENE-2010-12-11 (Energy Economics)
- NEP-ENV-2010-12-11 (Environmental Economics)
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Nabil Al-Najjar & Sandeep Baliga & David Besanko, 2005.
"The Sunk Cost Bias and Managerial Pricing Practices,"
666156000000000496, UCLA Department of Economics.
- Nabil Al-Najjar & Sandeep Baliga & David Besanko, 2006. "The Sunk Cost Bias and Managerial Pricing Practices," 2006 Meeting Papers 851, Society for Economic Dynamics.
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