Regulating Stock Externalities
Author
Abstract
Suggested Citation
Download full text from publisher
References listed on IDEAS
- Matti Liski & Juan‐Pablo Montero, 2011.
"Market Power in an Exhaustible Resource Market: The Case of Storable Pollution Permits,"
Economic Journal, Royal Economic Society, vol. 121(551), pages 116-144, March.
- Matti Liski & Juan-Pablo Montero, 2008. "Market power in an exhaustible resource market: The case of storable pollution permits," Documentos de Trabajo 329, Instituto de Economia. Pontificia Universidad Católica de Chile..
- Reyer Gerlagh & Matti Liski, 2018. "Carbon Prices for the Next Hundred Years," Economic Journal, Royal Economic Society, vol. 128(609), pages 728-757, March.
- Hintermann, Beat, 2010.
"Allowance price drivers in the first phase of the EU ETS,"
Journal of Environmental Economics and Management, Elsevier, vol. 59(1), pages 43-56, January.
- Beat Hintermann, 2009. "Allowance Price Drivers in the First Phase of the EU ETS," CEPE Working paper series 09-63, CEPE Center for Energy Policy and Economics, ETH Zurich.
- Ambec, Stefan & Coria, Jessica, 2013.
"Prices vs quantities with multiple pollutants,"
Journal of Environmental Economics and Management, Elsevier, vol. 66(1), pages 123-140.
- Ambec, Stefan & Coria, Jessica, 2011. "Prices vs Quantities with Multiple Pollutants," Working Papers in Economics 517, University of Gothenburg, Department of Economics.
- Ambec, Stefan & Coria, Jessica, 2011. "Prices vs Quantities with Multiple Pollutants," LERNA Working Papers 11.17.351, LERNA, University of Toulouse.
- Martin L. Weitzman, 1974.
"Prices vs. Quantities,"
Review of Economic Studies, Oxford University Press, vol. 41(4), pages 477-491.
- M. L. Weitzman, 1973. "Prices vs. Quantities," Working papers 106, Massachusetts Institute of Technology (MIT), Department of Economics.
- Guy Meunier & Juan-Pablo Montero & Jean-Pierre Ponssard, 2017. "Using Output-Based Allocations to Manage Volatility and Leakage in Pollution Markets," CESifo Working Paper Series 6334, CESifo.
- Marc Chesney & Luca Taschini, 2012. "The Endogenous Price Dynamics of Emission Allowances and an Application to CO 2 Option Pricing," Applied Mathematical Finance, Taylor & Francis Journals, vol. 19(5), pages 447-475, November.
- Montgomery, W. David, 1972. "Markets in licenses and efficient pollution control programs," Journal of Economic Theory, Elsevier, vol. 5(3), pages 395-418, December.
- Fell, Harrison & MacKenzie, Ian A. & Pizer, William A., 2012.
"Prices versus quantities versus bankable quantities,"
Resource and Energy Economics, Elsevier, vol. 34(4), pages 607-623.
- Fell, Harrison & MacKenzie, Ian A. & Pizer, William A., 2008. "Prices versus Quantities versus Bankable Quantities," Discussion Papers dp-08-32, Resources For the Future.
- Harrison Fell & Ian A. MacKenzie & William A. Pizer, 2012. "Prices versus Quantities versus Bankable Quantities," NBER Working Papers 17878, National Bureau of Economic Research, Inc.
- Roberton Williams, 2002. "Prices vs. Quantities vs. Tradable Quantities," NBER Working Papers 9283, National Bureau of Economic Research, Inc.
- Lintunen, Jussi & Kuusela, Olli-Pekka, 2018. "Business cycles and emission trading with banking," European Economic Review, Elsevier, vol. 101(C), pages 397-417.
- Richard Newell & William Pizer & Jiangfeng Zhang, 2005.
"Managing Permit Markets to Stabilize Prices,"
Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 31(2), pages 133-157, June.
- Pizer, William & Newell, Richard & Zhang, Jiangfeng, 2003. "Managing Permit Markets to Stabilize Prices," Discussion Papers dp-03-34, Resources For the Future.
- Newell, Richard G. & Pizer, William A. & Zhang, Jiangfeng, 2003. "Managing Permit Markets to Stabilize Prices," Discussion Papers 10524, Resources for the Future.
- Reyer Gerlagh & Thomas Michielsen, 2015. "Moving targets—cost-effective climate policy under scientific uncertainty," Climatic Change, Springer, vol. 132(4), pages 519-529, October.
- Kollenberg, Sascha & Taschini, Luca, 2016.
"Emissions trading systems with cap adjustments,"
Journal of Environmental Economics and Management, Elsevier, vol. 80(C), pages 20-36.
- Sascha Kollenberg & Luca Taschini, 2016. "Emissions trading systems with cap adjustments," GRI Working Papers 195, Grantham Research Institute on Climate Change and the Environment.
- Kollenberg, Sascha & Taschini, Luca, 2016. "Emissions trading systems with cap adjustments," LSE Research Online Documents on Economics 67774, London School of Economics and Political Science, LSE Library.
- Hoel, Michael & Karp, Larry, 2001.
"Taxes and quotas for a stock pollutant with multiplicative uncertainty,"
Journal of Public Economics, Elsevier, vol. 82(1), pages 91-114, October.
- Michael Hoel & Larry Karp, 1999. "Taxes and Quotas for a Stock Pollutant with Multiplicative Uncertainty," Working Papers 1999.15, Fondazione Eni Enrico Mattei.
- Hoel, Michael & Karp, Larry, 2000. "Taxes and Quotas for a Stock Pollutant with Multiplicative Uncertainty," Department of Agricultural & Resource Economics, UC Berkeley, Working Paper Series qt9v86p5s7, Department of Agricultural & Resource Economics, UC Berkeley.
- Smith, Stefani C. & Yates, Andrew J., 2003. "Optimal pollution permit endowments in markets with endogenous emissions," Journal of Environmental Economics and Management, Elsevier, vol. 46(3), pages 425-445, November.
- Newell, Richard G. & Pizer, William A., 2003.
"Regulating stock externalities under uncertainty,"
Journal of Environmental Economics and Management, Elsevier, vol. 45(2, Supple), pages 416-432, March.
- Pizer, William & Newell, Richard, 1998. "Regulating Stock Externalities Under Uncertainty," Discussion Papers dp-99-10-rev, Resources For the Future.
- Newell, Richard G. & Pizer, William A., 2000. "Regulating Stock Externalities Under Uncertainty," Discussion Papers 10471, Resources for the Future.
- Kling, Catherine & Rubin, Jonathan, 1997.
"Bankable permits for the control of environmental pollution,"
Journal of Public Economics, Elsevier, vol. 64(1), pages 101-115, April.
- Kling, Catherine L. & Rubin, Jonathan, 1997. "Bankable Permits for the Control of Environmental Pollution," Staff General Research Papers Archive 1479, Iowa State University, Department of Economics.
- Juan-Pablo Montero, 2008.
"A Simple Auction Mechanism for the Optimal Allocation of the Commons,"
American Economic Review, American Economic Association, vol. 98(1), pages 496-518, March.
- Juan-Pablo Montero, 2006. "A Simple Auction Mechanism for the Optimal Allocation of the Commons," Documentos de Trabajo 311, Instituto de Economia. Pontificia Universidad Católica de Chile..
- Juan-Pablo Montero, 2006. "A simple auction mechanism for the optimal allocation of the commons," Working Papers 0608, Massachusetts Institute of Technology, Center for Energy and Environmental Policy Research.
- William A. Pizer & Brian C. Prest, 2020.
"Prices versus Quantities with Policy Updating,"
Journal of the Association of Environmental and Resource Economists, University of Chicago Press, vol. 7(3), pages 483-518.
- William A. Pizer & Brian Prest, 2016. "Prices versus Quantities with Policy Updating," NBER Working Papers 22379, National Bureau of Economic Research, Inc.
- Hoel, Michael & Karp, Larry, 2002.
"Taxes versus quotas for a stock pollutant,"
Resource and Energy Economics, Elsevier, vol. 24(4), pages 367-384, November.
- Hoel, Michael & Karp, Larry, 2001. "Taxes versus Quotas for a Stock Pollutant," Department of Agricultural & Resource Economics, UC Berkeley, Working Paper Series qt5fx9p7kf, Department of Agricultural & Resource Economics, UC Berkeley.
- Hoel, Michael & Karp, Larry S., 2001. "Taxes Versus Quotas for a Stock Pollutant," CUDARE Working Papers 25010, University of California, Berkeley, Department of Agricultural and Resource Economics.
- Bohringer, Christoph & Lange, Andreas, 2005.
"On the design of optimal grandfathering schemes for emission allowances,"
European Economic Review, Elsevier, vol. 49(8), pages 2041-2055, November.
- Böhringer, Christoph & Lange, Andreas, 2003. "On the Design of Optimal Grandfathering Schemes for Emission Allowances," ZEW Discussion Papers 03-08, ZEW - Leibniz Centre for European Economic Research.
- Cronshaw, Mark B & Brown-Kruse, Jamie, 1996. "Regulated Firms in Pollution Permit Markets with Banking," Journal of Regulatory Economics, Springer, vol. 9(2), pages 179-189, March.
- Martin L. Weitzman, 2018. "Prices or Quantities Dominate Banking and Borrowing," NBER Working Papers 24218, National Bureau of Economic Research, Inc.
- Lawrence M. Ausubel & Peter Cramton, 2004.
"Auctioning Many Divisible Goods,"
Journal of the European Economic Association, MIT Press, vol. 2(2-3), pages 480-493, 04/05.
- Lawrence M. Ausubel & Peter Cramton, 2004. "Auctioning Many Divisible Goods," Papers of Peter Cramton 04jeea, University of Maryland, Department of Economics - Peter Cramton, revised 2004.
- Beat Hintermann, 2011. "Market Power, Permit Allocation and Efficiency in Emission Permit Markets," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 49(3), pages 327-349, July.
- Meunier, Guy & Montero, Juan-Pablo & Ponssard, Jean-Pierre, 2017.
"Using output-based allocations to manage volatility and leakage in pollution markets,"
Energy Economics, Elsevier, vol. 68(S1), pages 57-65.
- Guy Meunier & Juan-Pablo Montero & Jean-Pierre Ponssard, 2017. "Using Output-Based Allocations to Manage Volatility and Leakage in Pollution Markets," CESifo Working Paper Series 6334, CESifo.
- Guy Meunier & Juan-Pablo Montero & Jean-Pierre Ponssard, 2017. "Using output-based allocations to manage volatility and leakage in pollution markets," Documentos de Trabajo 489, Instituto de Economia. Pontificia Universidad Católica de Chile..
- Paolella, Marc S. & Taschini, Luca, 2008. "An econometric analysis of emission allowance prices," Journal of Banking & Finance, Elsevier, vol. 32(10), pages 2022-2032, October.
- Andrew Yates, 2002. "Decentralization in Pollution Permit Markets," Journal of Public Economic Theory, Association for Public Economic Theory, vol. 4(4), pages 641-660, October.
- Roberts, Marc J. & Spence, Michael, 1976. "Effluent charges and licenses under uncertainty," Journal of Public Economics, Elsevier, vol. 5(3-4), pages 193-208.
- Kydland, Finn E & Prescott, Edward C, 1977. "Rules Rather Than Discretion: The Inconsistency of Optimal Plans," Journal of Political Economy, University of Chicago Press, vol. 85(3), pages 473-491, June.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Gu, Tianqi & Kim, Inhi & Currie, Graham, 2019. "To be or not to be dockless: Empirical analysis of dockless bikeshare development in China," Transportation Research Part A: Policy and Practice, Elsevier, vol. 119(C), pages 122-147.
- Sandra Bestakova, 2019. "The Influence Of Short-Term Rental On Rental Housing Prices In Prague," Proceedings of Business and Management Conferences 8512235, International Institute of Social and Economic Sciences.
More about this item
Keywords
asymmetric information; regulatory instruments; policy updating; emission trading; pollution; climate change;JEL classification:
- H23 - Public Economics - - Taxation, Subsidies, and Revenue - - - Externalities; Redistributive Effects; Environmental Taxes and Subsidies
- Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters and their Management; Global Warming
- Q58 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environmental Economics: Government Policy
NEP fields
This paper has been announced in the following NEP Reports:- NEP-ENE-2019-01-07 (Energy Economics)
- NEP-ORE-2019-01-07 (Operations Research)
- NEP-REG-2019-01-07 (Regulation)
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ces:ceswps:_7383. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Klaus Wohlrabe). General contact details of provider: http://edirc.repec.org/data/cesifde.html .
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.