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grandfathering of allowances. Besides having distributional impacts, the choice of the grandfathering scheme may affect efficiency if … optimal grandfathering within a simple two-period model. We find that for (small) open trading systems, where allowance prices … are exogenous, first-best second-period grandfathering schemes must not depend on firm-specific decisions in the first …
Persistent link: https://www.econbiz.de/10011448245
Persistent link: https://www.econbiz.de/10013428540
grandfathering of allowances. Besides having distributional impacts, the choice of the grandfathering scheme may affect efficiency if … optimal grandfathering within a simple two-period model. We find that for (small) open trading systems, where allowance prices … are exogenous, first-best second-period grandfathering schemes must not depend on firm-specific decisions in the first …
Persistent link: https://www.econbiz.de/10014082987
Persistent link: https://www.econbiz.de/10003154282
equilibrium interest rate. Most importantly, this paper analyses the efficiency and distributional consequences of allowing …
Persistent link: https://www.econbiz.de/10013316607
Experimental methods have recently been used to evaluate environmental policy instruments, in particular – and most suitably, it seems – emissions trading programs of various designs. Some studies have focused on domestic emissions trading programs, while others have focused on international...
Persistent link: https://www.econbiz.de/10014023935
equilibrium framework, this paper assesses the potential equity-efficiency trade-off between OBA and alternative emissions trading …
Persistent link: https://www.econbiz.de/10014200803
allocate their assigned amounts to sub-national entities within their countries. This paper first discuses grandfathering and …
Persistent link: https://www.econbiz.de/10014123108
grandfathering of allowances. Besides having distributional impacts, the choice of the grandfathering scheme may affect efficiency if … optimal grandfathering within a simple two-period model. We find that for (small) open trading systems, where allowance prices … are exogenous, first-best second-period grandfathering schemes must not depend on firm-specific decisions in the first …
Persistent link: https://www.econbiz.de/10005098015
Persistent link: https://www.econbiz.de/10001772828