An analysis of optimal equilibrium in the carbon trading market - From a tripartite evolutionary game perspective
Author
Abstract
Suggested Citation
DOI: 10.1016/j.irfa.2024.103629
Download full text from publisher
As the access to this document is restricted, you may want to search for a different version of it.
References listed on IDEAS
- Richard Schmalensee & Robert N. Stavins, 2017.
"Lessons Learned from Three Decades of Experience with Cap and Trade,"
Review of Environmental Economics and Policy, Association of Environmental and Resource Economists, vol. 11(1), pages 59-79.
- Richard Schmalensee & Robert Stavins, 2015. "Lessons Learned from Three Decades of Experience with Cap-and-Trade," NBER Working Papers 21742, National Bureau of Economic Research, Inc.
- Schmalensee, Richard & Stavins, Robert N., 2016. "Lessons Learned from Three Decades of Experience with Cap-and-Trade," Climate Change and Sustainable Development 230919, Fondazione Eni Enrico Mattei (FEEM).
- Schmalensee, Richard & Stavins, Robert, 2015. "Lessons Learned from Three Decades of Experience with Cap-and-Trade," Working Paper Series 15-069, Harvard University, John F. Kennedy School of Government.
- Richard Schmalensee & Robert N. Stavins, 2015. "Lessons Learned from Three Decades of Experience with Cap-and-Trade," Working Papers 2015.107, Fondazione Eni Enrico Mattei.
- Stuart Evans & Michael A. Mehling & Robert A. Ritz & Paul Sammon, 2021.
"Border carbon adjustments and industrial competitiveness in a European Green Deal,"
Climate Policy, Taylor & Francis Journals, vol. 21(3), pages 307-317, March.
- Evans, S. & Mehling, M. & Ritz, R. & Sammon, P., 2020. "Border Carbon Adjustments and Industrial Competitiveness in a European Green Deal," Cambridge Working Papers in Economics 2036, Faculty of Economics, University of Cambridge.
- Stuart Evans & Michael A Mehling & Robert A Ritz & Paul Sammon, 2020. "Border Carbon Adjustments and Industrial Competitiveness in a European Green Deal," Working Papers EPRG2007, Energy Policy Research Group, Cambridge Judge Business School, University of Cambridge.
- George S. Chen & Emmanuel Kwaku Manu & Dennis Asante, 2023. "Achieving environmental sustainability in Africa: The role of financial institutions development on carbon emissions," Sustainable Development, John Wiley & Sons, Ltd., vol. 31(5), pages 3272-3290, October.
- Campiglio, Emanuele, 2016.
"Beyond carbon pricing: The role of banking and monetary policy in financing the transition to a low-carbon economy,"
Ecological Economics, Elsevier, vol. 121(C), pages 220-230.
- Emanuele Campiglio, 2014. "Beyond carbon pricing: The role of banking and monetary policy in financing the transition to a low-carbon economy," GRI Working Papers 160, Grantham Research Institute on Climate Change and the Environment.
- Campiglio, Emanuele, 2015. "Beyond carbon pricing: the role of banking and monetary policy in financing the transition to a low-carbon economy," LSE Research Online Documents on Economics 65146, London School of Economics and Political Science, LSE Library.
- Frank Gagelmann, 2008. "The influence of the allocation method on market liquidity, volatility and firms’ investment decisions," Springer Books, in: Ralf Antes & Bernd Hansjürgens & Peter Letmathe (ed.), Emissions Trading, pages 69-88, Springer.
- Springer, Urs, 2003. "The market for tradable GHG permits under the Kyoto Protocol: a survey of model studies," Energy Economics, Elsevier, vol. 25(5), pages 527-551, September.
- James B. Bushnell & Howard Chong & Erin T. Mansur, 2013. "Profiting from Regulation: Evidence from the European Carbon Market," American Economic Journal: Economic Policy, American Economic Association, vol. 5(4), pages 78-106, November.
- Blyth, William & Bunn, Derek, 2011. "Coevolution of policy, market and technical price risks in the EU ETS," Energy Policy, Elsevier, vol. 39(8), pages 4578-4593, August.
- Sovacool, Benjamin K., 2011. "The policy challenges of tradable credits: A critical review of eight markets," Energy Policy, Elsevier, vol. 39(2), pages 575-585, February.
- Joseph E. Aldy & Alan J. Krupnick & Richard G. Newell & Ian W. H. Parry & William A. Pizer, 2010.
"Designing Climate Mitigation Policy,"
Journal of Economic Literature, American Economic Association, vol. 48(4), pages 903-934, December.
- Aldy, Joseph E. & Krupnick, Alan J. & Newell, Richard G. & Parry, Ian W.H. & Pizer, William A., 2009. "Designing Climate Mitigation Policy," RFF Working Paper Series dp-08-16, Resources for the Future.
- Joseph E. Aldy & Alan J. Krupnick & Richard G. Newell & Ian W.H. Parry & William A. Pizer, 2009. "Designing Climate Mitigation Policy," NBER Working Papers 15022, National Bureau of Economic Research, Inc.
- Yan Wu & Chunlai Chen & Cong Hu, 2021. "Does the Belt and Road Initiative Increase the Carbon Emission Intensity of Participating Countries?," China & World Economy, Institute of World Economics and Politics, Chinese Academy of Social Sciences, vol. 29(3), pages 1-25, May.
- Lee, Cheng F. & Lin, Sue J. & Lewis, Charles, 2008. "Analysis of the impacts of combining carbon taxation and emission trading on different industry sectors," Energy Policy, Elsevier, vol. 36(2), pages 722-729, February.
- Wang, Maria & Kuusi, Tero, 2024. "Trade flows, carbon leakage, and the EU Emissions Trading System," Energy Economics, Elsevier, vol. 134(C).
- Robert N. Stavins, 2011.
"The Problem of the Commons: Still Unsettled after 100 Years,"
American Economic Review, American Economic Association, vol. 101(1), pages 81-108, February.
- Stavins, Robert N., 2010. "The Problem of the Commons: Still Unsettled After 100 Years," RFF Working Paper Series dp-10-46, Resources for the Future.
- Stavins, Robert Norman, 2010. "The Problem of the Commons: Still Unsettled After 100 Years," Scholarly Articles 4450130, Harvard Kennedy School of Government.
- Stavins, Robert N., 2010. "The Problem of the Commons: Still Unsettled after 100 Years," Sustainable Development Papers 98048, Fondazione Eni Enrico Mattei (FEEM).
- Robert N. Stavins, 2010. "The Problem of the Commons: Still Unsettled after 100 Years," Working Papers 2010.131, Fondazione Eni Enrico Mattei.
- Stavins, Robert N., 2010. "The Problem of the Commons: Still Unsettled after 100 Years," Working Paper Series rwp10-042, Harvard University, John F. Kennedy School of Government.
- Robert N. Stavins, 2010. "The Problem of the Commons: Still Unsettled After 100 Years," NBER Working Papers 16403, National Bureau of Economic Research, Inc.
- Cong, Rong-Gang & Wei, Yi-Ming, 2010.
"Potential impact of (CET) carbon emissions trading on China’s power sector: A perspective from different allowance allocation options,"
Energy, Elsevier, vol. 35(9), pages 3921-3931.
- Cong, Rong-Gang & Wei, Yi-Ming, 2010. "Potential impact of (CET) carbon emissions trading on China’s power sector: A perspective from different allowance allocation options," MPRA Paper 52775, University Library of Munich, Germany.
- Feng, Nan & Ge, Jiamin, 2024. "How does fiscal policy affect the green low-carbon transition from the perspective of the evolutionary game?," Energy Economics, Elsevier, vol. 134(C).
- Jennie Bai & Hong Ru, 2022. "Carbon Emissions Trading and Environmental Protection: International Evidence," NBER Working Papers 30587, National Bureau of Economic Research, Inc.
- Burtraw, Dallas & McCormack, Kristen, 2017. "Consignment auctions of free emissions allowances," Energy Policy, Elsevier, vol. 107(C), pages 337-344.
- Acheampong, Alex O., 2019. "Modelling for insight: Does financial development improve environmental quality?," Energy Economics, Elsevier, vol. 83(C), pages 156-179.
- Svendsen, Gert Tinggaard & Vesterdal, Morten, 2003.
"How to design greenhouse gas trading in the EU?,"
Energy Policy, Elsevier, vol. 31(14), pages 1531-1539, November.
- Svendsen, Gert Tinggaard & Vesterdal, Morten, 2001. "How to design Greenhouse Gas Trading in the EU?," Working Papers 01-16, University of Aarhus, Aarhus School of Business, Department of Economics.
- Ma, Xiaochen & Pan, Yanchun & Zhang, Manzi & Ma, Jianhua & Yang, Wen, 2024. "Impact of carbon emission trading and renewable energy development policy on the sustainability of electricity market: A stackelberg game analysis," Energy Economics, Elsevier, vol. 129(C).
- Paolella, Marc S. & Taschini, Luca, 2008. "An econometric analysis of emission allowance prices," Journal of Banking & Finance, Elsevier, vol. 32(10), pages 2022-2032, October.
- Zafar, Muhammad Wasif & Zaidi, Syed Anees Haider & Sinha, Avik & Gedikli, Ayfer & Hou, Fujun, 2019. "The role of stock market and banking sector development, and renewable energy consumption in carbon emissions: Insights from G-7 and N-11 countries," Resources Policy, Elsevier, vol. 62(C), pages 427-436.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Xiangjun Chen & Bo Yan, 2024. "Research on jumps and volatility in China’s carbon market," Economic Change and Restructuring, Springer, vol. 57(1), pages 1-43, February.
- Ambec, Stefan & Esposito, Federico & Pacelli, Antonia, 2024.
"The economics of carbon leakage mitigation policies,"
Journal of Environmental Economics and Management, Elsevier, vol. 125(C).
- Ambec, Stefan & Esposito, Federico & Pacelli, Antonia, 2023. "The economics of carbon leakage mitigation policies," TSE Working Papers 23-1408, Toulouse School of Economics (TSE), revised Sep 2023.
- Stefan Ambec & Federico Esposito & Antonia Pacelli, 2024. "The economics of carbon leakage mitigation policies," Post-Print hal-04755371, HAL.
- Stefan Ambec & Federico Esposito & Antonia Pacelli, 2024. "The economics of carbon leakage mitigation policies," Post-Print hal-04550380, HAL.
- Sharma, Rajesh & Shahbaz, Muhammad & Sinha, Avik & Vo, Xuan Vinh, 2021. "Examining the temporal impact of stock market development on carbon intensity: Evidence from South Asian countries," MPRA Paper 108925, University Library of Munich, Germany, revised 2021.
- Li, Y.P. & Huang, G.H. & Li, M.W., 2014. "An integrated optimization modeling approach for planning emission trading and clean-energy development under uncertainty," Renewable Energy, Elsevier, vol. 62(C), pages 31-46.
- Tang, Ling & Shi, Jiarui & Bao, Qin, 2016. "Designing an emissions trading scheme for China with a dynamic computable general equilibrium model," Energy Policy, Elsevier, vol. 97(C), pages 507-520.
- Deleidi, Matteo & Mazzucato, Mariana & Semieniuk, Gregor, 2020.
"Neither crowding in nor out: Public direct investment mobilising private investment into renewable electricity projects,"
Energy Policy, Elsevier, vol. 140(C).
- Matteo Deleidi & Mariana Mazzucato & Gregor Semieniuk, 2019. "Neither crowding in nor out: Public direct investment mobilising private investment into renewable electricity projects," Working Papers 226, Department of Economics, SOAS University of London, UK.
- Muntazir Hussain & Ramiz Ur Rehman & Usman Bashir, 2024. "Environmental pollution, innovation, and financial development: an empirical investigation in selected industrialized countries using the panel ARDL approach," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 26(11), pages 29217-29248, November.
- Spyros Arvanitis & Michael Peneder & Christian Rammer & Tobias Stucki & Martin Wörter, 2016.
"Competitiveness and ecological impacts of green energy technologies: firm-level evidence for the DACH region,"
KOF Working papers
16-420, KOF Swiss Economic Institute, ETH Zurich.
- Michael Peneder & Spyros Arvanitis & Christian Rammer & Tobias Stucki & Martin Wörter, 2017. "Competitiveness and Ecological Impacts of Green Energy Technologies. Firm-level Evidence for the DACH Region," WIFO Working Papers 544, WIFO.
- Gerlagh, Reyer & Hejimans, Roweno J. R. K. & Rosendahl, Knut Einar, 2020. "Endogenous Emission Caps Always Produce a Green Paradox," Working Paper Series 4-2020, Norwegian University of Life Sciences, School of Economics and Business.
- Best, Rohan & Zhang, Qiu Yue, 2020. "What explains carbon-pricing variation between countries?," Energy Policy, Elsevier, vol. 143(C).
- Charles, Amélie & Darné, Olivier & Fouilloux, Jessica, 2011.
"Testing the martingale difference hypothesis in CO2 emission allowances,"
Economic Modelling, Elsevier, vol. 28(1), pages 27-35.
- Charles, Amélie & Darné, Olivier & Fouilloux, Jessica, 2011. "Testing the martingale difference hypothesis in CO2 emission allowances," Economic Modelling, Elsevier, vol. 28(1-2), pages 27-35, January.
- Amélie Charles & Olivier Darné & Jessica Fouilloux, 2011. "Testing the martingale difference hypothesis in CO2 emission allowances," Post-Print halshs-00600724, HAL.
- Xiaojie Yu & Duminda Kuruppuarachchi & Sriyalatha Kumarasinghe, 2024. "Financial development, FDI, and CO2 emissions: does carbon pricing matter?," Applied Economics, Taylor & Francis Journals, vol. 56(25), pages 2959-2974, May.
- Fan, John Hua & Todorova, Neda, 2017. "Dynamics of China’s carbon prices in the pilot trading phase," Applied Energy, Elsevier, vol. 208(C), pages 1452-1467.
- Chevallier, Julien, 2011. "Evaluating the carbon-macroeconomy relationship: Evidence from threshold vector error-correction and Markov-switching VAR models," Economic Modelling, Elsevier, vol. 28(6), pages 2634-2656.
- Chevallier, Julien, 2011. "A model of carbon price interactions with macroeconomic and energy dynamics," Energy Economics, Elsevier, vol. 33(6), pages 1295-1312.
- Li, Jianfeng & Yao, Xiaoyang & Wang, Hui & Le, Wei, 2024. "Hedging the climate change risks of China's brown assets: Green assets or precious metals?," International Review of Economics & Finance, Elsevier, vol. 94(C).
- Gerlagh, Reyer & Heijmans, Roweno J.R.K. & Rodendahl, Knut Einar, 2019. "Endogenous Emission Caps Always Induce a Green Paradox," Other publications TiSEM a629a851-9ea0-4022-aa1b-c, Tilburg University, School of Economics and Management.
- Fan, Jing-Li & Da, Ya-Bin & Wan, Si-Lai & Zhang, Mian & Cao, Zhe & Wang, Yu & Zhang, Xian, 2019. "Determinants of carbon emissions in ‘Belt and Road initiative’ countries: A production technology perspective," Applied Energy, Elsevier, vol. 239(C), pages 268-279.
- Chang-Jing Ji & Xiao-Yi Li & Yu-Jie Hu & Xiang-Yu Wang & Bao-Jun Tang, 2019. "Research on carbon price in emissions trading scheme: a bibliometric analysis," Natural Hazards: Journal of the International Society for the Prevention and Mitigation of Natural Hazards, Springer;International Society for the Prevention and Mitigation of Natural Hazards, vol. 99(3), pages 1381-1396, December.
- Yan, Kai & Zhang, Wei & Shen, Dehua, 2020. "Stylized facts of the carbon emission market in China," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 555(C).
More about this item
Keywords
Optimal equilibrium; Carbon trading market; Tripartite evolutionary game;All these keywords.
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:finana:v:96:y:2024:i:pa:s1057521924005611. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/inca/620166 .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.