In this paper a data envelopment analysis (DEA) approach to the problem of emission permits reallocation is presented. It can be used with conventional command and control as well as with an allowance market. It uses a centralized point of view, which represents the common good. In the model it...

The purpose of this paper is to develop models with and without emissions trading and to compare industry profits under the two regimes. The model in which emissions trading is permitted is a nonparametric industry frontier model in the spirit of Fare, Grosskopf and Li (1992). It is relative to...

Many countries around the world respond to global warming and its consequences with various policy instruments. In the economic literature, policy instruments have typically been analysed with respect to efficiency, but little effort has been expended to understand public preferences for these...

Biofuels are increasingly regarded as energy sources with the potential to solve diverse problems related to serious concerns, including climate change, environmental degradation, energy supply, and energy security. Here we examine biofuels, primarily biofuels used for transportation (e.g.,...

Measures of partial welfare losses are derived for markets where the price may fail to equate demand and supply. The welfare loss is measured as the difference between the sum of consumer surplus and producer surplus when going from a disequilibrium regime to an equilibrium regime. A...

The overall objective of this paper is to analyse the price development and price formation for wood fuel used by the Swedish district heating sector. According to Lonner et al., there is a significant potential for increasing the use of wood fuel in Sweden, at a fairly moderate cost. The basic...

This paper studies wage determination under piecewise linear taxes in a unionized labor market. The purpose of the paper is to model how piecewise linear taxation affects the choice set of the union and to take this information into account in the estimation. The empirical application is based...

The major question raised in this paper is whether or not the Swedish timber market is in a state of disequilibrium. In recent discussions it has been claimed that the industry has been constrained in production because of timber shortage. In this paper the author abandons the assumption of...