The optimal initial allocation of pollution permits: a relative performance approach
Author
Abstract
Suggested Citation
DOI: 10.1007/s10640-007-9125-4
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
- Lazear, Edward P & Rosen, Sherwin, 1981.
"Rank-Order Tournaments as Optimum Labor Contracts,"
Journal of Political Economy, University of Chicago Press, vol. 89(5), pages 841-864, October.
- Edward P. Lazear & Sherwin Rosen, 1979. "Rank-Order Tournaments as Optimum Labor Contracts," NBER Working Papers 0401, National Bureau of Economic Research, Inc.
- Cramton, Peter & Kerr, Suzi, 2002.
"Tradeable carbon permit auctions: How and why to auction not grandfather,"
Energy Policy, Elsevier, vol. 30(4), pages 333-345, March.
- Kerr, Suzi & Cramton, Peter, 1998. "Tradable Carbon Permit Auctions: How and Why to Auction Not Grandfather," RFF Working Paper Series dp-98-34, Resources for the Future.
- Peter Cramton & Suzi Kerr, 2002. "Tradeable Carbon Permit Auctions: How and Why to Auction Not Grandfather," Papers of Peter Cramton 02eptc, University of Maryland, Department of Economics - Peter Cramton, revised 06 May 2002.
- Cramton, Peter & Kerr, Suzi, 1998. "Tradable Carbon Permit Auctions: How and Why to Auction Not Grandfather," Discussion Papers 10668, Resources for the Future.
- Cramton, Peter & Kerr, Suzi, 1998. "Tradeable Carbon Permit Auctions: How and Why to Auction, Not Grandfather," Working Papers 197846, University of Maryland, Department of Agricultural and Resource Economics.
- Benny Moldovanu & Aner Sela, 2008.
"The Optimal Allocation of Prizes in Contests,"
Springer Books, in: Roger D. Congleton & Arye L. Hillman & Kai A. Konrad (ed.), 40 Years of Research on Rent Seeking 1, pages 615-631,
Springer.
- Benny Moldovanu & Aner Sela, 2001. "The Optimal Allocation of Prizes in Contests," American Economic Review, American Economic Association, vol. 91(3), pages 542-558, June.
- Moldovanu, Benny & Sela, Aner, 1999. "The Optimal Allocation of Prizes in Contests," Sonderforschungsbereich 504 Publications 99-75, Sonderforschungsbereich 504, Universität Mannheim;Sonderforschungsbereich 504, University of Mannheim.
- Moldovanu, Benny & Sela, Aner, 1999. "The optimal allocation of prizes in contests," Papers 99-75, Sonderforschungsbreich 504.
- Nalebuff, Barry J & Stiglitz, Joseph E, 1983. "Information, Competition, and Markets," American Economic Review, American Economic Association, vol. 73(2), pages 278-283, May.
- Ian W.H. Parry & Roberton C. Williams III & Lawrence H. Goulder, 2002.
"When Can Carbon Abatement Policies Increase Welfare? The Fundamental Role of Distorted Factor Markets,"
Chapters, in: Lawrence H. Goulder (ed.), Environmental Policy Making in Economies with Prior Tax Distortions, chapter 25, pages 471-503,
Edward Elgar Publishing.
- Parry, Ian W. H. & Williams, Roberton III & Goulder, Lawrence H., 1999. "When Can Carbon Abatement Policies Increase Welfare? The Fundamental Role of Distorted Factor Markets," Journal of Environmental Economics and Management, Elsevier, vol. 37(1), pages 52-84, January.
- Parry, Ian & Goulder, Lawrence & Williams III, Roberton, 1997. "When Can Carbon Abatement Policies Increase Welfare? The Fundamental Role of Distorted Factor Markets," RFF Working Paper Series dp-97-18-rev, Resources for the Future.
- Parry, Ian W.H. & Williams, Roberton C., III & Goulder, Lawrence H., 1998. "When Can Carbon Abatement Policies Increase Welfare? The Fundamental Role of Distorted Factor Markets," Discussion Papers 10514, Resources for the Future.
- Ian W. H. Parry & Roberton C. Williams III & Lawrence H. Goulder, 1997. "When Can Carbon Abatement Policies Increase Welfare? The Fundamental Role of Distorted Factor Markets," NBER Working Papers 5967, National Bureau of Economic Research, Inc.
- Moldovanu, Benny & Sela, Aner, 2006.
"Contest architecture,"
Journal of Economic Theory, Elsevier, vol. 126(1), pages 70-96, January.
- Moldovanu, Benny & Sela, Aner, 2002. "Contest Architecture," Sonderforschungsbereich 504 Publications 02-06, Sonderforschungsbereich 504, Universität Mannheim;Sonderforschungsbereich 504, University of Mannheim.
- Moldovanu, Benny & Sela, Aner, 2002. "Contest architecture," Papers 02-06, Sonderforschungsbreich 504.
- Xavier Freixas & Roger Guesnerie & Jean Tirole, 1985. "Planning under Incomplete Information and the Ratchet Effect," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 52(2), pages 173-191.
- Kling, Catherine & Rubin, Jonathan, 1997.
"Bankable permits for the control of environmental pollution,"
Journal of Public Economics, Elsevier, vol. 64(1), pages 101-115, April.
- Kling, Catherine L. & Rubin, Jonathan, 1997. "Bankable Permits for the Control of Environmental Pollution," Staff General Research Papers Archive 1479, Iowa State University, Department of Economics.
- Oehmke, James F., 1987. "The allocation of pollutant discharge permits by competitive auction," Resources and Energy, Elsevier, vol. 9(2), pages 153-162, August.
- Green, Jerry R & Stokey, Nancy L, 1983.
"A Comparison of Tournaments and Contracts,"
Journal of Political Economy, University of Chicago Press, vol. 91(3), pages 349-364, June.
- Jerry R. Green & Nancy L. Stokey, 1982. "A Comparison of Tournaments and Contracts," NBER Working Papers 0840, National Bureau of Economic Research, Inc.
- Green, Jerry & Stokey, Nancy, 1983. "A Comparison of Tournaments and Contracts," Scholarly Articles 3203644, Harvard University Department of Economics.
- Stergios Skaperdas, 1996.
"Contest success functions (*),"
Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 7(2), pages 283-290.
- Skaperdas, Stergios, 1996. "Contest Success Functions," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 7(2), pages 283-290, February.
- Stergios Skaperdas, 1996. "Contest success functions," Springer Books, in: Roger D. Congleton & Arye L. Hillman & Kai A. Konrad (ed.), 40 Years of Research on Rent Seeking 1, pages 263-270, Springer.
- Carolyn Fischer, 2003.
"Combining rate-based and cap-and-trade emissions policies,"
Climate Policy, Taylor & Francis Journals, vol. 3(sup2), pages 89-103, December.
- Fischer, Carolyn, 2003. "Combining Rate-Based and Cap-and-Trade Emissions Policies," RFF Working Paper Series dp-03-32, Resources for the Future.
- Fischer, Carolyn, 2003. "Combining Rate-Based and Cap-and-Trade Emissions Policies," Discussion Papers 10713, Resources for the Future.
- Dilip Mookherjee, 1984. "Optimal Incentive Schemes with Many Agents," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 51(3), pages 433-446.
- Malueg, David A. & Yates, Andrew J., 2006. "Citizen participation in pollution permit markets," Journal of Environmental Economics and Management, Elsevier, vol. 51(2), pages 205-217, March.
- William A. Pizer, 2005.
"The case for intensity targets,"
Climate Policy, Taylor & Francis Journals, vol. 5(4), pages 455-462, July.
- Pizer, William A., 2005. "The Case for Intensity Targets," Discussion Papers 10917, Resources for the Future.
- Pizer, William, 2005. "The Case for Intensity Targets," RFF Working Paper Series dp-05-02, Resources for the Future.
- Yates, Andrew J. & Cronshaw, Mark B., 2001. "Pollution Permit Markets with Intertemporal Trading and Asymmetric Information," Journal of Environmental Economics and Management, Elsevier, vol. 42(1), pages 104-118, July.
- Jensen, Jesper & Rasmussen, Tobias N., 2000. "Allocation of CO2 Emissions Permits: A General Equilibrium Analysis of Policy Instruments," Journal of Environmental Economics and Management, Elsevier, vol. 40(2), pages 111-136, September.
- Ian W.H. Parry, 2002.
"Pollution Taxes and Revenue Reycling,"
Chapters, in: Lawrence H. Goulder (ed.), Environmental Policy Making in Economies with Prior Tax Distortions, chapter 15, pages 235-248,
Edward Elgar Publishing.
- Parry Ian W. H., 1995. "Pollution Taxes and Revenue Recycling," Journal of Environmental Economics and Management, Elsevier, vol. 29(3), pages 64-77, November.
- Fischer, Carolyn, 2001.
"Rebating Environmental Policy Revenues: Output-Based Allocations and Tradable Performance Standards,"
RFF Working Paper Series
dp-01-22, Resources for the Future.
- Fischer, Carolyn, 2001. "Rebating Environmental Policy Revenues: Output-Based Allocations and Tradable Performance Standards," Discussion Papers 10709, Resources for the Future.
- Cronshaw, Mark B & Brown-Kruse, Jamie, 1996. "Regulated Firms in Pollution Permit Markets with Banking," Journal of Regulatory Economics, Springer, vol. 9(2), pages 179-189, March.
- Randolph M. Lyon, 1982. "Auctions and Alternative Procedures for Allocating Pollution Rights," Land Economics, University of Wisconsin Press, vol. 58(1), pages 16-32.
- Andrei Shleifer, 1985. "A Theory of Yardstick Competition," RAND Journal of Economics, The RAND Corporation, vol. 16(3), pages 319-327, Autumn.
- Paul Leiby & Jonathan Rubin, 2001. "Intertemporal Permit Trading for the Control of Greenhouse Gas Emissions," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 19(3), pages 229-256, July.
- Ian W.H. Parry, 2002.
"Environmental Taxes and Quotas in the Presence of Distorting Taxes in Factor Markets,"
Chapters, in: Lawrence H. Goulder (ed.), Environmental Policy Making in Economies with Prior Tax Distortions, chapter 23, pages 429-446,
Edward Elgar Publishing.
- Parry, Ian W. H., 1997. "Environmental taxes and quotas in the presence of distorting taxes in factor markets," Resource and Energy Economics, Elsevier, vol. 19(3), pages 203-220, August.
- Kuik, Onno & Mulder, Machiel, 2004. "Emissions trading and competitiveness: pros and cons of relative and absolute schemes," Energy Policy, Elsevier, vol. 32(6), pages 737-745, April.
- Laurent Franckx & Alessio D’Amato†, Isabelle Brose & Isabelle Brose, 2004. "Multi Pollutant Yardstick Schemes as Environmental Policy Tools," Energy, Transport and Environment Working Papers Series ete0416, KU Leuven, Department of Economics - Research Group Energy, Transport and Environment.
- Robert N. Stavins, 1998. "What Can We Learn from the Grand Policy Experiment? Lessons from SO2 Allowance Trading," Journal of Economic Perspectives, American Economic Association, vol. 12(3), pages 69-88, Summer.
- Rubin, Jonathan D., 1996. "A Model of Intertemporal Emission Trading, Banking, and Borrowing," Journal of Environmental Economics and Management, Elsevier, vol. 31(3), pages 269-286, November.
- Requate, Till & Unold, Wolfram, 2003. "Environmental policy incentives to adopt advanced abatement technology:: Will the true ranking please stand up?," European Economic Review, Elsevier, vol. 47(1), pages 125-146, February.
- Heleen Groenenberg & Kornelis Blok, 2002. "Benchmark-based emission allocation in a cap-and-trade system," Climate Policy, Taylor & Francis Journals, vol. 2(1), pages 105-109, March.
- Milliman, Scott R. & Prince, Raymond, 1989. "Firm incentives to promote technological change in pollution control," Journal of Environmental Economics and Management, Elsevier, vol. 17(3), pages 247-265, November.
- Franciosi Robert & Isaac R. Mark & Pingry David E. & Reynolds Stanley S., 1993. "An Experimental Investigation of the Hahn-Noll Revenue Neutral Auction for Emissions Licenses," Journal of Environmental Economics and Management, Elsevier, vol. 24(1), pages 1-24, January.
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.- MacKenzie, Ian A. & Hanley, Nick & Kornienko, Tatiana, 2009.
"Using contests to allocate pollution rights,"
Energy Policy, Elsevier, vol. 37(7), pages 2798-2806, July.
- Hanley, Nicholas & Kornienko, Tatiana & Mackenzie, Ian A, 2008. "Using contests to allocate pollution rights," Stirling Economics Discussion Papers 2008-21, University of Stirling, Division of Economics.
- Sonia Schwartz, 2009. "Comment distribuer les quotas de pollution ?. Une revue de la littérature," Revue d'économie politique, Dalloz, vol. 119(4), pages 535-568.
- Bohringer, Christoph & Lange, Andreas, 2005.
"On the design of optimal grandfathering schemes for emission allowances,"
European Economic Review, Elsevier, vol. 49(8), pages 2041-2055, November.
- Böhringer, Christoph & Lange, Andreas, 2003. "On the Design of Optimal Grandfathering Schemes for Emission Allowances," ZEW Discussion Papers 03-08, ZEW - Leibniz Centre for European Economic Research.
- Li, Shoude, 2014. "Dynamic optimal control of pollution abatement under emissions permit banking," Economic Modelling, Elsevier, vol. 36(C), pages 363-369.
- Akira Maeda, 2004. "Impact of banking and forward contracts on tradable permit markets," Environmental Economics and Policy Studies, Springer;Society for Environmental Economics and Policy Studies - SEEPS, vol. 6(2), pages 81-102, June.
- Park, Hojeong, 2012. "Real option analysis for effects of emission permit banking on investment under abatement cost uncertainty," Economic Modelling, Elsevier, vol. 29(4), pages 1314-1321.
- Akira Maeda, 2004. "Impact of banking and forward contracts on tradable permit markets," Environmental Economics and Policy Studies, Springer;Society for Environmental Economics and Policy Studies - SEEPS, vol. 6(2), pages 81-102, June.
- Richard Newell & William Pizer & Jiangfeng Zhang, 2005.
"Managing Permit Markets to Stabilize Prices,"
Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 31(2), pages 133-157, June.
- Newell, Richard G. & Pizer, William A. & Zhang, Jiangfeng, 2003. "Managing Permit Markets to Stabilize Prices," Discussion Papers 10524, Resources for the Future.
- Pizer, William & Newell, Richard & Zhang, Jiangfeng, 2003. "Managing Permit Markets to Stabilize Prices," RFF Working Paper Series dp-03-34, Resources for the Future.
- Feng, Hongli & Zhao, Jinhua, 2006.
"Alternative intertemporal permit trading regimes with stochastic abatement costs,"
Resource and Energy Economics, Elsevier, vol. 28(1), pages 24-40, January.
- Feng, Hongli & Zhao, Jinhua, 2002. "Alternative Intertemporal Permit Trading Regimes with Stochastic Abatement Costs," Staff General Research Papers Archive 10057, Iowa State University, Department of Economics.
- Feng, Hongli & Zhao, Jinhua, 2006. "Alternative intertemporal permit trading regimes with stochastic abatement costs," ISU General Staff Papers 200601010800001338, Iowa State University, Department of Economics.
- Hongli Feng & Jinhua Zhao, 2002. "Alternative Intertemporal Permit Trading Regimes with Stochastic Abatement Costs," Center for Agricultural and Rural Development (CARD) Publications 02-wp318, Center for Agricultural and Rural Development (CARD) at Iowa State University.
- Fell, Harrison & MacKenzie, Ian A. & Pizer, William A., 2012.
"Prices versus quantities versus bankable quantities,"
Resource and Energy Economics, Elsevier, vol. 34(4), pages 607-623.
- Fell, Harrison & MacKenzie, Ian A. & Pizer, William A., 2008. "Prices versus Quantities versus Bankable Quantities," RFF Working Paper Series dp-08-32, Resources for the Future.
- Harrison Fell & Ian A. MacKenzie & William A. Pizer, 2012. "Prices versus Quantities versus Bankable Quantities," NBER Working Papers 17878, National Bureau of Economic Research, Inc.
- Julien Chevallier, 2012. "Banking And Borrowing In The Eu Ets: A Review Of Economic Modelling, Current Provisions And Prospects For Future Design," Journal of Economic Surveys, Wiley Blackwell, vol. 26(1), pages 157-176, February.
- Bastani, Spencer & Giebe, Thomas & Gürtler, Oliver, 2022.
"Simple equilibria in general contests,"
Games and Economic Behavior, Elsevier, vol. 134(C), pages 264-280.
- Bastani, Spencer & Giebe, Thomas & Gürtler, Oliver, 2019. "A general framework for studying contests," MPRA Paper 97363, University Library of Munich, Germany.
- Spencer Bastani & Thomas Giebe & Oliver Gürtler, 2020. "A General Framework for Studying Contests," ECONtribute Discussion Papers Series 005, University of Bonn and University of Cologne, Germany.
- Bastani, Spencer & Giebe, Thomas & Gürtler, Oliver, 2020. "A general framework for studying contests," VfS Annual Conference 2020 (Virtual Conference): Gender Economics 224601, Verein für Socialpolitik / German Economic Association.
- Spencer Bastani & Thomas Giebe & Oliver Gürtler, 2019. "A General Framework for Studying Contests," CESifo Working Paper Series 7993, CESifo.
- Aner Sela & Maya Amiad, 2016.
"The Optimal Allocation Of Punishments In Tullock Contests,"
Working Papers
1613, Ben-Gurion University of the Negev, Department of Economics.
- Sela, Aner, 2016. "The Optimal Allocation of Punishments in Tullock Contests," CEPR Discussion Papers 11592, C.E.P.R. Discussion Papers.
- Budde, Jörg, 2009. "Information in tournaments under limited liability," Journal of Mathematical Economics, Elsevier, vol. 45(1-2), pages 59-72, January.
- Holland, Stephen P. & Moore, Michael R., 2013.
"Market design in cap and trade programs: Permit validity and compliance timing,"
Journal of Environmental Economics and Management, Elsevier, vol. 66(3), pages 671-687.
- Stephen P. Holland & Michael R. Moore, 2012. "Market Design in Cap and Trade Programs: Permit Validity and Compliance Timing," NBER Working Papers 18098, National Bureau of Economic Research, Inc.
- Stephen P. Holland & Michael R. Moore, 2012.
"When to Pollute, When to Abate? Intertemporal Permit Use in the Los Angeles NOx Market,"
Land Economics, University of Wisconsin Press, vol. 88(2), pages 275-299.
- Stephen P. Holland & Michael Moore, 2008. "When to Pollute, When to Abate? Intertemporal Permit Use in the Los Angeles NOx Market," NBER Working Papers 14254, National Bureau of Economic Research, Inc.
- Harrison Fell & Richard Morgenstern, 2010.
"Alternative Approaches to Cost Containment in a Cap-and-Trade System,"
Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 47(2), pages 275-297, October.
- Fell, Harrison & Morgenstern, Richard, 2009. "Alternative Approaches to Cost Containment in a Cap-and-Trade System," RFF Working Paper Series dp-09-14, Resources for the Future.
- Zaklan, Aleksandar & Ellerman, Denny & Valero, Vanessa, 2015.
"An Analysis of Allowance Banking in the EU ETS,"
VfS Annual Conference 2015 (Muenster): Economic Development - Theory and Policy
113034, Verein für Socialpolitik / German Economic Association.
- Denny Ellerman & Vanessa Valero & Aleksandar Zaklan, 2015. "An Analysis of Allowance Banking in the EU ETS," RSCAS Working Papers 2015/29, European University Institute.
- Quintero Jaramillo, Jose E., 2004. "Moral hazard in teams with limited punishments and multiple outputs," DEE - Working Papers. Business Economics. WB wb040705, Universidad Carlos III de Madrid. Departamento de EconomÃa de la Empresa.
- Slechten, Aurélie, 2013.
"Intertemporal links in cap-and-trade schemes,"
Journal of Environmental Economics and Management, Elsevier, vol. 66(2), pages 319-336.
- Aurelie Slechten, 2011. "Intertemporal Links in Cap-and Trade Schemes," Working Papers ECARES ECARES 2011-014, ULB -- Universite Libre de Bruxelles.
- Aurelie Slechten, 2013. "Intertemporal links in cap-and-trade schemes," ULB Institutional Repository 2013/169007, ULB -- Universite Libre de Bruxelles.
More about this item
Keywords
Relative performance; Initial allocation; Pollution permits; Auctions; Rank-order contests; Q53; Q58; C72;All these keywords.
JEL classification:
- Q53 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Air Pollution; Water Pollution; Noise; Hazardous Waste; Solid Waste; Recycling
- Q58 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environmental Economics: Government Policy
- C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games
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:kap:enreec:v:39:y:2008:i:3:p:265-282. 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: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.