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Dynamický model spoločného trhu s emisnými povoleniami ako spôsob riešenia problému znečisťovania perzistentnými látkami
[Dynamic Model of Common-pool Emission Permit Market as a Method for Solving the Persistent Pollutant Problem]

Author

Listed:
  • Anetta Čaplánová
  • Rudolf Sivák
  • Keith Willett

Abstract

Dynamic Model of Common-pool Emission Permit Market as a Method for Solving the Persistent Pollutant Problem In the paper, we develop a common-pool permit market formulated as a dynamic gross pool for trading emission discharge permits (EDPs) for persistent pollutants. We discuss individual agents' demand decisions concerning EDPs and develop a common-pool market dynamic gross pool formulation, including a general set of marginal-cost pricing rules used in this type of permit trading market. Numerical simulations are used to illustrate the usefulness of this type of permit market design for addressing environmental problems.

Suggested Citation

  • Anetta Čaplánová & Rudolf Sivák & Keith Willett, 2021. "Dynamický model spoločného trhu s emisnými povoleniami ako spôsob riešenia problému znečisťovania perzistentnými látkami [Dynamic Model of Common-pool Emission Permit Market as a Method for Solving," Politická ekonomie, Prague University of Economics and Business, vol. 2021(3), pages 273-297.
    • Handle: RePEc:prg:jnlpol:v:2021:y:2021:i:3:id:1317:p:273-297
    DOI: 10.18267/j.polek.1317
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    References listed on IDEAS

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    1. Keith Willett & Anetta Caplanova & Rudolf Sivak, 2014. "Pricing mechanisms for cap and trade policies: computer-assisted smart markets for air quality," Journal of Environmental Planning and Management, Taylor & Francis Journals, vol. 57(8), pages 1240-1251, August.
    2. Keith Willett & Anetta Caplanova & Rudolf Sivak, 2015. "Emission discharge permits with regulatory tiering: Numerical simulations with a computer-assisted smart market," Journal of Environmental Economics and Policy, Taylor & Francis Journals, vol. 4(3), pages 259-277, November.
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    More about this item

    Keywords

    environmental pollution policies; air pollution; emission permit trading; dynamic permit trading models; common-pool permit markets;
    All these keywords.

    JEL classification:

    • C61 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Optimization Techniques; Programming Models; Dynamic Analysis
    • Q53 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Air Pollution; Water Pollution; Noise; Hazardous Waste; Solid Waste; Recycling

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