Teaching Opportunity Cost in an Emissions Permit Experiment
Author
Abstract
Suggested Citation
Note: The paper is also part of the RFF discussion paper series.
Download full text from publisher
Other versions of this item:
- Charles Holt & Erica Myers & Markus Wrake & Dallas Burtraw & Svante Mandell, 2010. "Teaching Opportunity Cost in an Emissions Permit Experiment," International Review of Economic Education, Economics Network, University of Bristol, vol. 9(2), pages 34-42.
- Holt, Charles & Myers, Erica & Wråke, Markus & Mandell, Svante & Burtraw, Dallas, 2009. "Teaching Opportunity Cost in an Emissions Permit Experiment," RFF Working Paper Series dp-09-22, Resources for the Future.
References listed on IDEAS
- Derek W. Bunn & Carlo Fezzi, 2007. "Interaction of European Carbon Trading and Energy Prices," Working Papers 2007.63, Fondazione Eni Enrico Mattei.
- Maureen Kilkenny, 2000.
"A Classroom Experiment about Tradable Permits,"
Review of Agricultural Economics, Agricultural and Applied Economics Association, vol. 22(2), pages 586-606.
- Kilkenny, Maureen, 2000. "A Classroom Experiment About Tradable Permits," Staff General Research Papers Archive 5241, Iowa State University, Department of Economics.
- Wråke, Markus & Myers, Erica & Mandell, Svante & Holt, Charles & Burtraw, Dallas, 2008.
"Pricing Strategies under Emissions Trading: An Experimental Analysis,"
RFF Working Paper Series
dp-08-49, Resources for the Future.
- Mandell, Svante & Wråke, Markus & Myers, Erica C. & Burtraw, Dallas & Holt, Charles A., 2009. "Pricing Strategies Under Emissions Trading: An Experimental Analysis," Working Papers 2009:1, Swedish National Road & Transport Research Institute (VTI).
- Fell, Harrison, 2008. "EU-ETS and Nordic Electricity: A CVAR Approach," RFF Working Paper Series dp-08-31, Resources for the Future.
- Bunn, Derek W. & Fezzi, Carlo, 2007. "Interaction of European Carbon Trading and Energy Prices," Climate Change Modelling and Policy Working Papers 9092, Fondazione Eni Enrico Mattei (FEEM).
- Lisa R. Anderson & Sarah L. Stafford, 2000. "Choosing Winners and Losers in a Classroom Permit Trading Game," Southern Economic Journal, John Wiley & Sons, vol. 67(1), pages 212-219, July.
- Lisa R. Anderson & Sarah L. Stafford, 2000. "Choosing Winners and Losers in a Classroom Permit Trading Game," Southern Economic Journal, John Wiley & Sons, vol. 67(1), pages 212-219, July.
- Markus Wråke & Erica Myers & Dallas Burtraw & Svante Mandell & Charles Holt, 2010. "Opportunity Cost for Free Allocations of Emissions Permits: An Experimental Analysis," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 46(3), pages 331-336, July.
- Shane Frederick, 2005. "Cognitive Reflection and Decision Making," Journal of Economic Perspectives, American Economic Association, vol. 19(4), pages 25-42, Fall.
Citations
Blog mentions
As found by EconAcademics.org, the blog aggregator for Economics research:- Teaching environmental policy to MBAs with Veconlab
by John Whitehead in Environmental Economics on 2016-02-18 14:41:48
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Farolfi, Stefano & Erdlenbruch, Katrin, 2020.
"A classroom experimental game to improve the understanding of asymmetric common-pool resource dilemmas in irrigation water management,"
International Review of Economics Education, Elsevier, vol. 35(C).
- Stefano Farolfi & Katrin Erdlenbruch, 2020. "A classroom experimental game to improve the understanding of asymmetric common-pool resource dilemmas in irrigation water management," Post-Print hal-02946523, HAL.
- Tanga Mohr & John C. Whitehead, 2023. "External Validity of Inferred Attribute NonAttendance: Evidence from a Laboratory Experiment with Real and Hypothetical Payoffs," Working Papers 23-05, Department of Economics, Appalachian State University.
- Charles A. Holt, 2011. "Teaching Experimental Economics: Reinforcing Paradigms and Bringing Research into the Undergraduate Classroom," Chapters, in: Gail M. Hoyt & KimMarie McGoldrick (ed.), International Handbook on Teaching and Learning Economics, chapter 47, Edward Elgar Publishing.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Wråke, Markus & Myers, Erica & Mandell, Svante & Holt, Charles & Burtraw, Dallas, 2008.
"Pricing Strategies under Emissions Trading: An Experimental Analysis,"
RFF Working Paper Series
dp-08-49, Resources for the Future.
- Mandell, Svante & Wråke, Markus & Myers, Erica C. & Burtraw, Dallas & Holt, Charles A., 2009. "Pricing Strategies Under Emissions Trading: An Experimental Analysis," Working Papers 2009:1, Swedish National Road & Transport Research Institute (VTI).
- Markus Wråke & Erica Myers & Dallas Burtraw & Svante Mandell & Charles Holt, 2010. "Opportunity Cost for Free Allocations of Emissions Permits: An Experimental Analysis," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 46(3), pages 331-336, July.
- Jouvet, Pierre-André & Solier, Boris, 2013.
"An overview of CO2 cost pass-through to electricity prices in Europe,"
Energy Policy, Elsevier, vol. 61(C), pages 1370-1376.
- Boris Solier & Pierre-André Jouvet, 2011. "An overview of CO2 cost pass-through to electricity prices in Europe," Working Papers 1108, Chaire Economie du climat.
- Pierre-André Jouvet & Boris Solier, 2013. "An overview of CO2 cost pass-through to electricity prices in Europe," Post-Print hal-01385884, HAL.
- Carlos Pinho & Mara Madaleno, 2011. "CO 2 emission allowances and other fuel markets interaction," Environmental Economics and Policy Studies, Springer;Society for Environmental Economics and Policy Studies - SEEPS, vol. 13(3), pages 259-281, September.
- Golombek, Rolf & Kittelsen, Sverre A.C. & Rosendahl, Knut Einar, 2013.
"Price and welfare effects of emission quota allocation,"
Energy Economics, Elsevier, vol. 36(C), pages 568-580.
- Rolf Golombek & Sverre A.C. Kittelsen & Knut Einar Rosendahl, 2011. "Price and welfare effects of emission quota allocation," Discussion Papers 661, Statistics Norway, Research Department.
- Chang-Yi Li & Son-Nan Chen & Shih-Kuei Lin, 2016. "Pricing derivatives with modeling CO emission allowance using a regime-switching jump diffusion model: with regime-switching risk premium," The European Journal of Finance, Taylor & Francis Journals, vol. 22(10), pages 887-908, August.
- Julien Chevallier & Benoît Sévi, 2011.
"On the realized volatility of the ECX CO 2 emissions 2008 futures contract: distribution, dynamics and forecasting,"
Annals of Finance, Springer, vol. 7(1), pages 1-29, February.
- Chevallier, Julien & Benoit, Sevi, 2009. "On the Realized Volatility of the ECX CO2 Emissions 2008 Futures Contract: Distribution, Dynamics and Forecasting," Sustainable Development Papers 55834, Fondazione Eni Enrico Mattei (FEEM).
- Julien Chevallier & Benoît Sévi, 2009. "On the Realized Volatility of the ECX CO2 Emissions 2008 Futures Contract: Distribution, Dynamics and Forecasting," Working Papers 2009.113, Fondazione Eni Enrico Mattei.
- Julien Chevallier & Benoît Sévi, 2009. "On the realized volatility of the ECX CO2 emissions 2008 futures contract: distribution, dynamics and forecasting," EconomiX Working Papers 2009-24, University of Paris Nanterre, EconomiX.
- Julien Chevallier & Benoît Sévi, 2009. "On the realized volatility of the ECX CO2 emissions 2008 futures contract: distribution, dynamics and forecasting," Working Papers halshs-00387286, HAL.
- Wen, Xiaoqian & Bouri, Elie & Roubaud, David, 2017. "Can energy commodity futures add to the value of carbon assets?," Economic Modelling, Elsevier, vol. 62(C), pages 194-206.
- Tim Laing & Misato Sato & Michael Grubb & Claudia Comberti, 2013. "Assessing the effectiveness of the EU Emissions Trading System," GRI Working Papers 106, Grantham Research Institute on Climate Change and the Environment.
- Roselyne Joyeux & George Milunovich, 2010. "Testing market efficiency in the EU carbon futures market," Applied Financial Economics, Taylor & Francis Journals, vol. 20(10), pages 803-809.
- Julien Chevallier & Yannick Le Pen & Benoît Sévi, 2009. "Options Introduction and Volatility in the EU ETS," Working Papers halshs-00405709, HAL.
- Tanattrin Bunnag, 2015. "Volatility Transmission in Oil Futures Markets and Carbon Emissions Futures," International Journal of Energy Economics and Policy, Econjournals, vol. 5(3), pages 647-659.
- Rachid Boutti & El Amri Adil & Florence Rodhain, 2019. "Multivariate Analysis of a Time Series EU ETS: Methods and Applications in Carbon Finance," Post-Print hal-03676358, HAL.
- Soliman, Alaa M. & Nasir, Muhammad Ali, 2019. "Association between the energy and emission prices: An analysis of EU emission trading system," Resources Policy, Elsevier, vol. 61(C), pages 369-374.
- Leon Vinokur, 2009. "Disposition in the Carbon Market and Institutional Constraints," Working Papers 652, Queen Mary University of London, School of Economics and Finance.
- Kirat, Djamel & Ahamada, Ibrahim, 2011.
"The impact of the European Union emission trading scheme on the electricity-generation sector,"
Energy Economics, Elsevier, vol. 33(5), pages 995-1003, September.
- Djamel Kirat & Ibrahim Ahamada, 2009. "The impact of the European Union Emission Trading Scheme on electricity generation sectors," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) hal-00378317, HAL.
- Djamel Kirat & Ibrahim Ahamada, 2009. "The impact of the European Union emission trading scheme on electricity generation sectors," Documents de travail du Centre d'Economie de la Sorbonne 09025, Université Panthéon-Sorbonne (Paris 1), Centre d'Economie de la Sorbonne.
- Djamel Kirat & Ibrahim Ahamada, 2009. "The impact of the European Union Emission Trading Scheme on electricity generation sectors," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-00384496, HAL.
- Daskalakis, George & Markellos, Raphael N., 2009. "Are electricity risk premia affected by emission allowance prices? Evidence from the EEX, Nord Pool and Powernext," Energy Policy, Elsevier, vol. 37(7), pages 2594-2604, July.
- Ahonen, Elena & Corbet, Shaen & Goodell, John W. & Günay, Samet & Larkin, Charles, 2022. "Are carbon futures prices stable? New evidence during negative oil," Finance Research Letters, Elsevier, vol. 47(PB).
- Adil El Amri & Rachid Boutti & Salah Oulfarsi & Florence Rodhain & Brahim Bouzahir, 2020. "Carbon financial markets underlying climate risk management, pricing and forecasting: Fundamental analysis," Post-Print hal-03120782, HAL.
- Emilie Alberola & Julien Pierre Chevallier & Benoît Chèze, 2007. "European carbon prices fundamentals in 2005-2007: the effects of energy markets, temperatures and sectorial production," EconomiX Working Papers 2007-33, University of Paris Nanterre, EconomiX.
More about this item
Keywords
opportunity cost; emissions permits; allowance allocation; classroom experiments;All these keywords.
JEL classification:
- A22 - General Economics and Teaching - - Economic Education and Teaching of Economics - - - Undergraduate
- C90 - Mathematical and Quantitative Methods - - Design of Experiments - - - General
- Q52 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Pollution Control Adoption and Costs; Distributional Effects; Employment Effects
NEP fields
This paper has been announced in the following NEP Reports:- NEP-EDU-2009-06-03 (Education)
- NEP-ENE-2009-06-03 (Energy Economics)
- NEP-ENV-2009-06-03 (Environmental Economics)
- NEP-EXP-2009-06-03 (Experimental Economics)
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:hhs:vtiwps:2009_006. See general information about how to correct material in RePEc.
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 bibliographic 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.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Biblioteket vid VTI or Emil Svensson or Claes Eriksson or Tova Äng (email available below). General contact details of provider: https://edirc.repec.org/data/tevtise.html .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.