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Shadow Prices Of Sulfur Dioxide Allowance In Phase I Electric Utilities

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  • Rezek, Jon P.

Abstract

The divergence of SO2 allowance price from initial estimates has spawned substantial interest since emission trading began. This paper uses non-parametric DEA to calculate technical, output revenue and allocative efficiency measures of Phase I electric plants. The allocative efficiency measure is then used to determine if allowance prices actually reflect opportunity costs.

Suggested Citation

  • Rezek, Jon P., 1999. "Shadow Prices Of Sulfur Dioxide Allowance In Phase I Electric Utilities," 1999 Annual meeting, August 8-11, Nashville, TN 21638, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    • Handle: RePEc:ags:aaea99:21638
    DOI: 10.22004/ag.econ.21638
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    References listed on IDEAS

    as
    1. John R. Swinton, 1998. "At What Cost do We Reduce Pollution? Shadow Prices of SO2 Emissions," The Energy Journal, International Association for Energy Economics, vol. 0(Number 4), pages 63-83.
    2. Ellerman, A. Denny & Montero, Juan-Pablo, 1998. "The Declining Trend in Sulfur Dioxide Emissions: Implications for Allowance Prices," Journal of Environmental Economics and Management, Elsevier, vol. 36(1), pages 26-45, July.
    3. Daniel Tyteca, 1997. "Linear Programming Models for the Measurement of Environmental Performance of Firms—Concepts and Empirical Results," Journal of Productivity Analysis, Springer, vol. 8(2), pages 183-197, May.
    4. Coggins, Jay S. & Swinton, John R., 1996. "The Price of Pollution: A Dual Approach to Valuing SO2Allowances," Journal of Environmental Economics and Management, Elsevier, vol. 30(1), pages 58-72, January.
    5. Joskow, Paul L & Schmalensee, Richard & Bailey, Elizabeth M, 1998. "The Market for Sulfur Dioxide Emissions," American Economic Review, American Economic Association, vol. 88(4), pages 669-685, September.
    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. Borak, Szymon & Härdle, Wolfgang Karl & Trück, Stefan & Weron, Rafał, 2006. "Convenience yields for CO2 emission allowance futures contracts," SFB 649 Discussion Papers 2006-076, Humboldt University Berlin, Collaborative Research Center 649: Economic Risk.
    2. Hammoudeh, Shawkat & Nguyen, Duc Khuong & Sousa, Ricardo M., 2014. "What explain the short-term dynamics of the prices of CO2 emissions?," Energy Economics, Elsevier, vol. 46(C), pages 122-135.
    3. Benz, Eva & Trück, Stefan, 2009. "Modeling the price dynamics of CO2 emission allowances," Energy Economics, Elsevier, vol. 31(1), pages 4-15, January.
    4. repec:ipg:wpaper:2014-081 is not listed on IDEAS
    5. repec:hum:wpaper:sfb649dp2006-076 is not listed on IDEAS
    6. Shawkat Hammoudeh & Duc Khuong Nguyen & Ricardo M. Sousa, 2014. "What explains the short," Working Papers 2014-81, Department of Research, Ipag Business School.

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