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Exclusion par manipulation des marchés de permis d'émission


  • Sonia Schwartz


This article examines the exclusionary manipulation effects of a pollution permit market. The exclusion value of a pollution permit and the overbuying strategy are determined. Then, the consequences of the exclusionary manipulation on the permit price are given. We give some economic policy advises as far as initial allocations are concerned.

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  • Sonia Schwartz, 2007. "Exclusion par manipulation des marchés de permis d'émission," Recherches économiques de Louvain, De Boeck Université, vol. 73(1), pages 95-119.
  • Handle: RePEc:cai:reldbu:rel_731_0095

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    References listed on IDEAS

    1. Mongin, P., 1998. "Does Optimization Imply Rationality?," Papers 9817, Paris X - Nanterre, U.F.R. de Sc. Ec. Gest. Maths Infor..
    2. Philippe Mongin, 2003. "L'axiomatisation et les théories économiques," Revue économique, Presses de Sciences-Po, vol. 54(1), pages 99-138.
    3. Machlup, Fritz, 1978. "Methodology of Economics and Other Social Sciences," Elsevier Monographs, Elsevier, edition 1, number 9780124645509 edited by Shell, Karl.
    4. Debreu, Gerard, 1993. "Existence of competitive equilibrium," Handbook of Mathematical Economics,in: K. J. Arrow & M.D. Intriligator (ed.), Handbook of Mathematical Economics, edition 4, volume 2, chapter 15, pages 697-743 Elsevier.
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    Cited by:

    1. Sonia Schwartz & Hubert Stahn, 2014. "Competitive Permit Markets and Vertical Structures: The Relevance of Imperfectly Competitive Eco-Industries," Journal of Public Economic Theory, Association for Public Economic Theory, vol. 16(1), pages 69-95, February.
    2. Bueb, Julien & Schwartz, Sonia, 2009. "Permis d’émission négociables et commerce international dans des marchés de concurrence imparfaite," L'Actualité Economique, Société Canadienne de Science Economique, vol. 85(3), pages 303-318, septembre.

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