Price volatility and risk exposure: on the interaction of quota and product markets
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- Fridrik Baldursson & Nils-Henrik Fehr, 2012. "Price Volatility and Risk Exposure: On the Interaction of Quota and Product Markets," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 52(2), pages 213-233, June.
- Baldursson, Fridrik M. & von der Fehr, Nils-Henrik M., 2009. "Price Volatility and Risk Exposure: on the Interaction of Quota and Product Markets," Memorandum 11/2009, Oslo University, Department of Economics.
References listed on IDEAS
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- Philippe Bontems & Celine Nauges, 2019. "Production choices with water markets and risk aversion: the role of initial allocations and forward trading," Post-Print hal-02349932, HAL.
- Tietjen, Oliver & Lessmann, Kai & Pahle, Michael, 2021. "Hedging and temporal permit issuances in cap-and-trade programs: The Market Stability Reserve under risk aversion," Resource and Energy Economics, Elsevier, vol. 63(C).
- Halvor Storrøsten, 2014. "Prices Versus Quantities: Technology Choice, Uncertainty and Welfare," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 59(2), pages 275-293, October.
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More about this item
Keywords
regulation; effluent taxes; tradable quotas; uncertainty; risk aversion; environmental management;All these keywords.
JEL classification:
- Q38 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation - - - Government Policy (includes OPEC Policy)
- D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty
- L51 - Industrial Organization - - Regulation and Industrial Policy - - - Economics of Regulation
- Q28 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Government Policy
- D9 - Microeconomics - - Micro-Based Behavioral Economics
- H23 - Public Economics - - Taxation, Subsidies, and Revenue - - - Externalities; Redistributive Effects; Environmental Taxes and Subsidies
NEP fields
This paper has been announced in the following NEP Reports:- NEP-BEC-2009-05-09 (Business Economics)
- NEP-ENE-2009-05-09 (Energy Economics)
- NEP-ENV-2009-05-09 (Environmental Economics)
- NEP-REG-2009-05-09 (Regulation)
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