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The cost-effectiveness of the KyotoProtocol and any similar non-global treatywould be enhanced by attracting additionalcountries to international emissions tradingand achieving this as soon as possible. Incontrast to what is heard in most of thedebate, such an enlargement is here taken to...
Persistent link: https://www.econbiz.de/10005681050
The purpose of the laboratory tests reported here is to identify a well-functioning design, tailored for an upcoming unique experiment using real-world relevant decision makers for carbon emission reduction trade among four countries committed to binding carbon emission limits, a form of...
Persistent link: https://www.econbiz.de/10005190655
The cost-effectiveness of the Kyoto Protocol and any similar non-global treaty would be enhanced by attracting as many new countries as possible to integrational emissions trading and achieving these additions as soon as possible. This paper focuses on two forms of compensation that can be used...
Persistent link: https://www.econbiz.de/10005419568
We study an environmental policy that (i) tax some emitters while others are covered by a cap-and-trade system and (ii) index the tax level to the permit price. Such a policy could be attractive in a world where abatement costs are uncertain and the regulator has information about the...
Persistent link: https://www.econbiz.de/10010760075
Shifting transportation to electrified modes, e.g., rail, is a politically attractive way of reducing greenhouse gas (GHG) emissions from the transportation sector. There is a vivid debate about the effects such a shift has on GHG emission and how these should be assessed and appraised. We argue...
Persistent link: https://www.econbiz.de/10010765662
The Experiment mimics carbon emissions trade among twelve industrialized countries during the end of a five-year-long trading period when traders are likely to have nearly full information about the underlying net demand. Trade is assumed to be governed by so-called double-auction rules. The...
Persistent link: https://www.econbiz.de/10005648547
In 2005 EU will launch its emissions trading system (ETS) under which energy intensive firms within EU may trade carbon emission allowances. This system is by many seen as instrumental for EU’s ability to fulfill its Kyoto commitment. At the same time, in what seems to be an ambition to go one...
Persistent link: https://www.econbiz.de/10005419559
The experiment reported here tests the case of so-called exclusionary manipulation of emission permit markets, i.e., when a dominant firm ­ here a monopolist ­ increases its holding of permits in order to raise its rivals’ costs and thereby gain more on a product market. Earlier studies have...
Persistent link: https://www.econbiz.de/10005419571
Persistent link: https://www.econbiz.de/10005432537
The robust laboratory evidence of preference reversal for lotteries has been interpreted as a threat to the general vailidity of standard theories of decision-making under uncertainty. This evidence is obtained from laboratory, that is, not real-world, lotteries with subjects who have not sought...
Persistent link: https://www.econbiz.de/10005432538