Markets for natural resource futures contracts and cash forward contracts experience a rapid growth. According to theory, this should result in more efficient resource depletion, implying that price formation is more consistent with Hotelling's rule. The rationale of this stabilizationeffect is...

Although the ecological economics (EE) discourse attempts to influence environmental policy, empirical studies have concluded that its success in this endeavour has been limited thus far. In the Netherlands, however, two EE-related policy concepts, Environmental Utilisation Space and Ecological...

In this paper a system of `guided permit trading' is developed for SO<Subscript>2</Subscript>emissions reduction which considers permit trading as a bilateral andsequential process. This implies that in order to meet the deposition targetsat the end of the trading process, not every single trade transaction hasto meet...</subscript>