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New directions in emissions trading: the potential contribution of new institutional economics


  • Solomon, Barry D.


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  • Solomon, Barry D., 1999. "New directions in emissions trading: the potential contribution of new institutional economics," Ecological Economics, Elsevier, vol. 30(3), pages 371-387, September.
  • Handle: RePEc:eee:ecolec:v:30:y:1999:i:3:p:371-387

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    References listed on IDEAS

    1. Ledyard, John O. & Szakaly-Moore, Kristin, 1994. "Designing organizations for trading pollution rights," Journal of Economic Behavior & Organization, Elsevier, vol. 25(2), pages 167-196, October.
    2. Rose, Adam, 1990. "Reducing conflict in global warming policy : The potential of equity as a unifying principle," Energy Policy, Elsevier, vol. 18(10), pages 927-935, December.
    3. Gustafsson, Bo, 1998. "Scope and limits of the market mechanism in environmental management," Ecological Economics, Elsevier, vol. 24(2-3), pages 259-274, February.
    4. Grübler, Arnulf & Fujii, Yasumasa, 1991. "Inter-generational and spatial equity issues of carbon accounts," Energy, Elsevier, vol. 16(11), pages 1397-1416.
    5. Gaskins, Darius W, Jr & Weyant, John P, 1993. "Model Comparisons of the Costs of Reducing CO2 Emissions," American Economic Review, American Economic Association, vol. 83(2), pages 318-323, May.
    6. 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.
    7. Foster, Vivien & Hahn, Robert W, 1995. "Designing More Efficient Markets: Lessons from Los Angeles Smog Control," Journal of Law and Economics, University of Chicago Press, vol. 38(1), pages 19-48, April.
    8. Steven Tadelis & Oliver E.Williamson, 2012. "Transaction Cost Economics," Introductory Chapters,in: Robert Gibbons & John Roberts (ed.), : The Handbook of Organizational Economics Princeton University Press.
    9. Tietenberg, T H, 1990. "Economic Instruments for Environmental Regulation," Oxford Review of Economic Policy, Oxford University Press, vol. 6(1), pages 17-33, Spring.
    10. Schaltegger, Stefan & Thomas, Tom, 1996. "Pollution added credit trading (PACT): New dimensions in emissions trading," Ecological Economics, Elsevier, vol. 19(1), pages 35-53, October.
    11. Rose, Adam & Stevens, Brandt, 1993. "The efficiency and equity of marketable permits for CO2 emissions," Resource and Energy Economics, Elsevier, vol. 15(1), pages 117-146, March.
    12. Solomon, Barry D. & Rose, Kenneth, 1992. "Making a market for SO2 emissions trading," The Electricity Journal, Elsevier, vol. 5(6), pages 58-66, July.
    13. Richard S. Eckaus, 1992. "Comparing the Effects of Greenhouse Gas Emissions on Global Warming," The Energy Journal, International Association for Energy Economics, vol. 0(Number 1), pages 25-36.
    14. Rubin Jonathan & Kling Catherine, 1993. "An Emission Saved Is an Emission Earned: An Empirical Study of Emission Banking for Light-Duty Vehicle Manufacturers," Journal of Environmental Economics and Management, Elsevier, vol. 25(3), pages 257-274, November.
    15. Stavins Robert N., 1995. "Transaction Costs and Tradeable Permits," Journal of Environmental Economics and Management, Elsevier, vol. 29(2), pages 133-148, September.
    16. Atkinson, Scott & Tietenberg, Tom, 1991. "Market failure in incentive-based regulation: The case of emissions trading," Journal of Environmental Economics and Management, Elsevier, vol. 21(1), pages 17-31, July.
    17. Richard Schmalensee & Paul L. Joskow & A. Denny Ellerman & Juan Pablo Montero & Elizabeth M. Bailey, 1998. "An Interim Evaluation of Sulfur Dioxide Emissions Trading," Journal of Economic Perspectives, American Economic Association, vol. 12(3), pages 53-68, Summer.
    18. Matsuo, Naoki, 1998. "Key elements related to the emissions trading for the Kyoto protocol," Energy Policy, Elsevier, vol. 26(3), pages 263-273, February.
    19. Hahn, Robert W, 1989. "Economic Prescriptions for Environmental Problems: How the Patient Followed the Doctor's Orders," Journal of Economic Perspectives, American Economic Association, vol. 3(2), pages 95-114, Spring.
    20. Richard F. Kosobud & Thomas A. Daly David W. South & Kevin G. Quinn, 1994. "Tradable Cumulative CO2 Permits and Global Warming Control," The Energy Journal, International Association for Energy Economics, vol. 0(Number 2), pages 213-232.
    21. Tietenberg, Tom, 1998. "Ethical influences on the evolution of the US tradable permit approach to air pollution control," Ecological Economics, Elsevier, vol. 24(2-3), pages 241-257, February.
    22. Bohi, Douglas R. & Burtraw, Dallas, 1992. "Utility investment behavior and the emission trading market," Resources and Energy, Elsevier, vol. 14(1-2), pages 129-153, April.
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    Cited by:

    1. Markus Groth, 2005. "Auctions in an outcome-based payment scheme to reward ecological services in agriculture – Conception, implementation and results," ERSA conference papers ersa05p180, European Regional Science Association.
    2. Coria, Jessica & Sterner, Thomas, 2008. "Tradable Permits in Developing Countries: Evidence from air pollution in Santiago, Chile," Working Papers in Economics 326, University of Gothenburg, Department of Economics.
    3. Stavins, Robert N., 2003. "Experience with market-based environmental policy instruments," Handbook of Environmental Economics,in: K. G. Mäler & J. R. Vincent (ed.), Handbook of Environmental Economics, edition 1, volume 1, chapter 9, pages 355-435 Elsevier.
    4. Sovacool, Benjamin K., 2011. "The policy challenges of tradable credits: A critical review of eight markets," Energy Policy, Elsevier, vol. 39(2), pages 575-585, February.
    5. Hugh McDonald & Suzi Kerr, 2011. "Trading Efficiency in Water Quality Trading Markets: An Assessment of Trade-Offs," Working Papers 11_15, Motu Economic and Public Policy Research.
    6. Sovacool, Benjamin K., 2015. "The political economy of pollution markets: Historical lessons for modern energy and climate planners," Renewable and Sustainable Energy Reviews, Elsevier, vol. 49(C), pages 943-953.
    7. Brent Haddad & John Palmisano, 2001. "Market Darwinism vs. Market Creationism: Adaptability and Fairness in the Design of Greenhouse Gas Trading Mechanisms," International Environmental Agreements: Politics, Law and Economics, Springer, vol. 1(4), pages 427-446, December.
    8. Kampas, Athanasios & White, Ben, 2003. "Selecting permit allocation rules for agricultural pollution control: a bargaining solution," Ecological Economics, Elsevier, vol. 47(2-3), pages 135-147, December.
    9. Heindl, Peter, 2012. "Transaction costs and tradable permits: Empirical evidence from the EU emissions trading scheme," ZEW Discussion Papers 12-021, ZEW - Zentrum für Europäische Wirtschaftsforschung / Center for European Economic Research.
    10. Stavins, Robert & Hahn, Robert & Cavanagh, Sheila, 2001. "National Environmental Policy During the Clinton Years," Discussion Papers dp-01-38, Resources For the Future.
    11. Torras, Mariano, 2003. "An Ecological Footprint Approach to External Debt Relief," World Development, Elsevier, vol. 31(12), pages 2161-2171, December.
    12. Berry, David, 2002. "The market for tradable renewable energy credits," Ecological Economics, Elsevier, vol. 42(3), pages 369-379, September.
    13. Heindl, Peter & Lutz, Benjamin, 2012. "Carbon management: Evidence from case studies of German firms under the EU ETS," ZEW Discussion Papers 12-079, ZEW - Zentrum für Europäische Wirtschaftsforschung / Center for European Economic Research.
    14. Santos, Rui & Antunes, Paula & Baptista, Gualter & Mateus, Pedro & Madruga, Luisa, 2006. "Stakeholder participation in the design of environmental policy mixes," Ecological Economics, Elsevier, vol. 60(1), pages 100-110, November.
    15. Shaheen, Susan A. & Bejamin-Chung, Jade & Allen, Denise & Howe-Steiger, Linda, 2009. "Achieving California’s Land Use and Transportation Greenhouse Gas Emission Targets Under AB 32: An Exploration of Potential Policy Processes and Mechanisms," Institute of Transportation Studies, Working Paper Series qt8bm4t7w5, Institute of Transportation Studies, UC Davis.

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