Stockage des permis de pollution en incertitude et règle de partage optimal de risques

The well known economic advantage of tradable permits over command and control obviously vanish if firms do not trade because of policy uncertainty. In fact, uncertainty about changes in the permits program could make firms reluctant to invest in tradable permits. This article proposes to give optimal risk sharing rules in order to respond to policy risk. We show how banking of tradable permits can be used as a tool of policy risk control.

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Year of publication:	2006
Authors:	Jouvet, Pierre-André ; Etner, Johanna
Institutions:	EconomiX, Université Paris Ouest-Nanterre la Défense (Paris X)
Subject:	Firm behavior \| tradable permits \| policy risk

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Extent:	application/pdf
Series:	EconomiX Working Papers.
Type of publication:	Book / Working Paper
Language:	French
Notes:	Number 2006-7 20 pages
Classification:	D21 - Firm Behavior ; D80 - Information and Uncertainty. General ; Q58 - Government Policy
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005170011