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Introduction

Author

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  • Tomasz Żylicz

    (University of Warsaw)

Abstract

Marketable permits—also called tradable permits or transferable permits—differ from non-marketable ones in that they need not necessarily be used strictly for the purpose that they were granted; some scholars refer to ‘tradable entitlement systems’. If a firm does not use them fully, the unused part can be stored for the future or used by another firm. And vice versa: if a firm wishes to do more than its permit allows, the missing part can be purchased. Transfers may involve different entities. Some systems also allow transactions within a single firm; the unused permits can be used by the same firm in the future. Alternatively, a firm can deprive itself of a future use by using the permit earlier than it was originally granted for.

Suggested Citation

  • Tomasz Żylicz, 2025. "Introduction," SpringerBriefs in Economics,, Springer.
    • Handle: RePEc:spr:spbchp:978-3-032-12133-2_1
    DOI: 10.1007/978-3-032-12133-2_1
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