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Policy Conflicts and the Performance of Emissions Trading Markets: An Adaptive Agent-based Analysis

Author

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  • Bing Zhang

    (Department of Environmental Planning and Management, School of Environment, Nanjing University)

  • Yongliang Zhang

    (Nanjing University)

Abstract

No abstract is available for this item.

Suggested Citation

  • Bing Zhang & Yongliang Zhang, 2016. "Policy Conflicts and the Performance of Emissions Trading Markets: An Adaptive Agent-based Analysis," EEPSEA Research Report rr20160339, Economy and Environment Program for Southeast Asia (EEPSEA), revised Mar 2016.
    • Handle: RePEc:eep:report:rr20160339
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    File URL: http://www.eepsea.org/pub/rr/2014-RR9_Zhang%20&%20Zhang_web.pdf
    File Function: First version, 2014
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    References listed on IDEAS

    as
    1. Yongliang Zhang & Bing Zhang & Jun Bi, 2012. "Policy Conflict and the Feasibility of Water Pollution Trading Programs in the Tai Lake Basin, China," Environment and Planning C, , vol. 30(3), pages 416-428, June.
    2. Martin L. Weitzman, 1974. "Prices vs. Quantities," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 41(4), pages 477-491.
    3. Montgomery, W. David, 1972. "Markets in licenses and efficient pollution control programs," Journal of Economic Theory, Elsevier, vol. 5(3), pages 395-418, December.
    4. Donald N. Dewees, 2001. "Emissions Trading: ERCs or Allowances?," Land Economics, University of Wisconsin Press, vol. 77(4), pages 513-526.
    5. James Nicolaisen & Valentin Petrov & Leigh Tesfatsion, 2000. "Market Power and Efficiency in a Computational Electricity Market with Discriminatory Double-Auction Pricing," Computational Economics 0004005, University Library of Munich, Germany.
    6. Zhang, Fan, 2007. "Does uncertainty matter ? A stochastic dynamic analysis of bankable emission permit trading for global climate change policy," Policy Research Working Paper Series 4215, The World Bank.
    7. John Stranlund, 2009. "A Safety Valve for Emissions Trading," Working Papers 2009-4, University of Massachusetts Amherst, Department of Resource Economics.
    8. A. Ellerman, 2005. "A Note on Tradeable Permits," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 31(2), pages 123-131, June.
    9. Burtraw, Dallas & Palmer, Karen & Krupnick, Alan & Evans, David & Toth, Russell, 2005. "Economics of Pollution Trading for SO2 and NOx," RFF Working Paper Series dp-05-05, Resources for the Future.
    10. Liu, Beibei & He, Pan & Zhang, Bing & Bi, Jun, 2012. "Impacts of alternative allowance allocation methods under a cap-and-trade program in power sector," Energy Policy, Elsevier, vol. 47(C), pages 405-415.
    11. Tesfatsion, Leigh, 2006. "Agent-Based Computational Economics: A Constructive Approach to Economic Theory," Handbook of Computational Economics, in: Leigh Tesfatsion & Kenneth L. Judd (ed.), Handbook of Computational Economics, edition 1, volume 2, chapter 16, pages 831-880, Elsevier.
    12. Jing Cao & Richard Garbaccio & Mun S. Ho, 2009. "China's 11th Five-Year Plan and the Environment: Reducing SO 2 Emissions," Review of Environmental Economics and Policy, Association of Environmental and Resource Economists, vol. 3(2), pages 231-250, Summer.
    13. Chang, Yen-Chiang & Wang, Nannan, 2010. "Environmental regulations and emissions trading in China," Energy Policy, Elsevier, vol. 38(7), pages 3356-3364, July.
    14. Jacoby, Henry D. & Ellerman, A. Denny, 2004. "The safety valve and climate policy," Energy Policy, Elsevier, vol. 32(4), pages 481-491, March.
    15. Peterson, Thomas D. & Rose, Adam Z., 2006. "Reducing conflicts between climate policy and energy policy in the US: The important role of the states," Energy Policy, Elsevier, vol. 34(5), pages 619-631, March.
    16. Boutabba, Mohamed Amine & Beaumais, Olivier & Lardic, Sandrine, 2012. "Permit price dynamics in the U.S. SO2 trading program: A cointegration approach," Energy Economics, Elsevier, vol. 34(3), pages 714-722.
    17. Pizer, William A., 2002. "Combining price and quantity controls to mitigate global climate change," Journal of Public Economics, Elsevier, vol. 85(3), pages 409-434, September.
    18. Weitzman, Martin L, 1978. "Optimal Rewards for Economic Regulation," American Economic Review, American Economic Association, vol. 68(4), pages 683-691, September.
    19. Steve Sorrell & Jim Skea (ed.), 1999. "Pollution for Sale," Books, Edward Elgar Publishing, number 1696.
    20. Yuan Xu, 2011. "The use of a goal for SO2 mitigation planning and management in China's 11th Five-Year Plan," Journal of Environmental Planning and Management, Taylor & Francis Journals, vol. 54(6), pages 769-783.
    21. Soleille, Sebastien, 2006. "Greenhouse gas emission trading schemes: a new tool for the environmental regulator's kit," Energy Policy, Elsevier, vol. 34(13), pages 1473-1477, September.
    22. 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.
    23. Roberts, Marc J. & Spence, Michael, 1976. "Effluent charges and licenses under uncertainty," Journal of Public Economics, Elsevier, vol. 5(3-4), pages 193-208.
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    Cited by:

    1. Svetlana Maslyuk & Dinusha Dharmaratna, 2011. "Comparative analysis of the existing and proposed ETS," Monash Economics Working Papers 15-11, Monash University, Department of Economics.

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    Keywords

    Emissions; Agent-based Analysis; Trading Markets;
    All these keywords.

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