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Permits, Auctions and Output

Author

Listed:
  • Stoneham, Gary
  • Eigenraam, Mark
  • Duke, Charlotte
  • Strappazzon, Loris

Abstract

In this paper, we develop a formal model that combines point-source emitters of waste, with landholders that can provide pollution-offset activities, in one ‘environment economy’. We use the model to demonstrate the societal benefits of such a system relative to a stand-alone tradable permit scheme. In the model we explicitly consider the effect of the scheme on point-source emitters’ output.

Suggested Citation

  • Stoneham, Gary & Eigenraam, Mark & Duke, Charlotte & Strappazzon, Loris, 2001. "Permits, Auctions and Output," 2001 Conference (45th), January 23-25, 2001, Adelaide, Australia 125972, Australian Agricultural and Resource Economics Society.
    • Handle: RePEc:ags:aare01:125972
    DOI: 10.22004/ag.econ.125972
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    References listed on IDEAS

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    1. Cason, Timothy N. & Plott, Charles R., 1996. "EPA's New Emissions Trading Mechanism: A Laboratory Evaluation," Journal of Environmental Economics and Management, Elsevier, vol. 30(2), pages 133-160, March.
    2. Uwe Latacz-Lohmann & Carel Van der Hamsvoort, 1997. "Auctioning Conservation Contracts: A Theoretical Analysis and an Application," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 79(2), pages 407-418.
    3. Stavins Robert N., 1995. "Transaction Costs and Tradeable Permits," Journal of Environmental Economics and Management, Elsevier, vol. 29(2), pages 133-148, September.
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    Cited by:

    1. Nordblom, Thomas L. & Bathgate, Andrew D. & Young, Robert A., 2003. "Derivation of supply curves for catchment water effluents meeting specific salinity concentration targets in 2050: linking farm and catchment level models or “Footprints on future salt / water planes”," 2003 Conference (47th), February 12-14, 2003, Fremantle, Australia 57929, Australian Agricultural and Resource Economics Society.

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    Keywords

    Environmental Economics and Policy;

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