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Optimal design of a phase-in emissions trading program
| Content Provider | Semantic Scholar |
|---|---|
| Author | Montero, Juan-Pablo |
| Copyright Year | 1998 |
| Abstract | In this paper we explore the welfare implications of voluntary compliance within an emissions trading program and derive optimal permits allocations to affected and opt-in sources when the environmental regulator has incomplete information on individual unrestricted emissions and control costs. The regulator faces a trade-off between production efficiency (minimization of control costs) and information rent extraction (reduction of excess permits allocated to opt-in sources). The first-best equilibrium can be attained if the regulator can freely allocate permits to affected and opt-in sources; otherwise a second-best equilibrium is implemented. The latter is sensitive to uncertainty in control costs and benefits. |
| File Format | PDF HTM / HTML |
| Alternate Webpage(s) | http://ceepr.mit.edu/files/papers/97004.pdf |
| Alternate Webpage(s) | http://isiarticles.com/bundles/Article/pre/pdf/18948.pdf |
| Alternate Webpage(s) | http://dspace.mit.edu/bitstream/handle/1721.1/45073/97004.pdf?sequence=1 |
| Alternate Webpage(s) | http://dspace.mit.edu/bitstream/handle/1721.1/45073/97004.pdf;jsessionid=46721F00A62B582BB9DB3DBFCA8994AD?sequence=1 |
| Alternate Webpage(s) | http://web.mit.edu/ceepr/www/publications/workingpapers/97004.pdf |
| Alternate Webpage(s) | http://www.mit.edu/people/jpmonter/papers/publishedpapers/JPubE00v75p273.pdf |
| Language | English |
| Access Restriction | Open |
| Subject Keyword | Emission - Male genitalia finding Financial cost Kind of quantity - Equilibrium License Offset binary Optimal design benefit |
| Content Type | Text |
| Resource Type | Article |
