Alternative intertemporal permit trading regimes with stochastic abatement costs
Author
Abstract
Suggested Citation
Download full text from publisher
Other versions of this item:
- 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.
- 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.
References listed on IDEAS
- Montgomery, W. David, 1972. "Markets in licenses and efficient pollution control programs," Journal of Economic Theory, Elsevier, vol. 5(3), pages 395-418, December.
- Farrell, Alex & Carter, Robert & Raufer, Roger, 1999. "The NOx Budget: market-based control of tropospheric ozone in the northeastern United States," Resource and Energy Economics, Elsevier, vol. 21(2), pages 103-124, May.
- Kling, Catherine L. & Rubin, Jonathan, 1993. "Emission Saved is an Emission Earned: An Empirical Study of Emission Banking (An)," Staff General Research Papers Archive 1579, Iowa State University, Department of Economics.
- Rubin Jonathan & Kling Catherine, 1993.
"An Emission Saved Is an Emission Earned: An Empirical Study of Emission Banking for Light-Duty Vehicle Manufacturers,"
Journal of Environmental Economics and Management, Elsevier, vol. 25(3), pages 257-274, November.
- Rubin, Jonathan D. & Kling, Catherine, 1993. "An Emission Saved is an Emission Earned: An Empirical Study of Emission Banking for Light-Duty Vehicle Manufacturers," University of California Transportation Center, Working Papers qt3rb1472g, University of California Transportation Center.
- Hoel, Michael & Karp, Larry, 2002.
"Taxes versus quotas for a stock pollutant,"
Resource and Energy Economics, Elsevier, vol. 24(4), pages 367-384, November.
- Hoel, Michael & Karp, Larry, 2001. "Taxes versus Quotas for a Stock Pollutant," Department of Agricultural & Resource Economics, UC Berkeley, Working Paper Series qt5fx9p7kf, Department of Agricultural & Resource Economics, UC Berkeley.
- Hoel, Michael & Karp, Larry S., 2001. "Taxes Versus Quotas for a Stock Pollutant," CUDARE Working Papers 25010, University of California, Berkeley, Department of Agricultural and Resource Economics.
- Hoel, Michael & Karp, Larry, 2001.
"Taxes and quotas for a stock pollutant with multiplicative uncertainty,"
Journal of Public Economics, Elsevier, vol. 82(1), pages 91-114, October.
- Michael Hoel & Larry Karp, 1999. "Taxes and Quotas for a Stock Pollutant with Multiplicative Uncertainty," Working Papers 1999.15, Fondazione Eni Enrico Mattei.
- Hoel, Michael & Karp, Larry, 2000. "Taxes and Quotas for a Stock Pollutant with Multiplicative Uncertainty," Department of Agricultural & Resource Economics, UC Berkeley, Working Paper Series qt9v86p5s7, Department of Agricultural & Resource Economics, UC Berkeley.
- Hoel, Michael & Karp, Larry S., 2000. "Taxes And Quotas For A Stock Pollutant With Multiplicative Uncertainty," CUDARE Working Papers 25030, University of California, Berkeley, Department of Agricultural and Resource Economics.
- Stavins, Robert N., 2003.
"Experience with market-based environmental policy instruments,"
Handbook of Environmental Economics, in: K. G. Mäler & J. R. Vincent (ed.), Handbook of Environmental Economics, edition 1, volume 1, chapter 9, pages 355-435,
Elsevier.
- Stavins, Robert, 2000. "Experience with Market-Based Environmental Policy Instruments," Working Paper Series rwp00-004, Harvard University, John F. Kennedy School of Government.
- Stavins, Robert, 2001. "Experience with Market-Based Environmental Policy Instruments," RFF Working Paper Series dp-01-58, Resources for the Future.
- Stavins, Robert N., 2001. "Experience with Market-Based Environmental Policy Instruments," Discussion Papers 10909, Resources for the Future.
- Curtis Carlson & Dallas Burtraw & Maureen Cropper & Karen L. Palmer, 2000.
"Sulfur Dioxide Control by Electric Utilities: What Are the Gains from Trade?,"
Journal of Political Economy, University of Chicago Press, vol. 108(6), pages 1292-1326, December.
- Burtraw, Dallas & Palmer, Karen & Cropper, Maureen & Carlson, Curtis, 1998. "Sulfur-Dioxide Control By Electric Utilities: What Are the Gains from Trade?," RFF Working Paper Series dp-98-44-rev, Resources for the Future.
- Carlson, Curtis & Burtraw, Dallas & Cropper, Maureen & Palmer, Karen L., 1998. "Sulfur dioxide control by electric utilities : what are the gains from trade?," Policy Research Working Paper Series 1966, The World Bank.
- Carlson, Curtis & Burtraw, Dallas & Cropper, Maureen L. & Palmer, Karen L., 2000. "Sulfur Dioxide Control by Electric Utilities: What Are the Gains from Trade?," Discussion Papers 10790, Resources for the Future.
- 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.
- Kolstad, Charles D., 1987. "Uniformity versus differentiation in regulating externalities," Journal of Environmental Economics and Management, Elsevier, vol. 14(4), pages 386-399, December.
- 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.
- Newell, Richard G. & Pizer, William A., 2003.
"Regulating stock externalities under uncertainty,"
Journal of Environmental Economics and Management, Elsevier, vol. 45(2, Supple), pages 416-432, March.
- Pizer, William & Newell, Richard, 1998. "Regulating Stock Externalities Under Uncertainty," RFF Working Paper Series dp-99-10-rev, Resources for the Future.
- Newell, Richard G. & Pizer, William A., 2000. "Regulating Stock Externalities Under Uncertainty," Discussion Papers 10471, 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.
- 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.
- Ellerman,A. Denny & Joskow,Paul L. & Schmalensee,Richard & Montero,Juan-Pablo & Bailey,Elizabeth M., 2005.
"Markets for Clean Air,"
Cambridge Books,
Cambridge University Press, number 9780521023894, September.
- Ellerman,A. Denny & Joskow,Paul L. & Schmalensee,Richard & Montero,Juan-Pablo & Bailey,Elizabeth M., 2000. "Markets for Clean Air," Cambridge Books, Cambridge University Press, number 9780521660839, September.
- Stavins, Robert N., 1996. "Correlated Uncertainty and Policy Instrument Choice," Journal of Environmental Economics and Management, Elsevier, vol. 30(2), pages 218-232, March.
- 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.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Ikefuji, M. & Laeven, R.J.A. & Magnus, J.R. & Muris, C.H.M., 2010.
"Scrap Value Functions in Dynamic Decision Problems,"
Discussion Paper
2010-77, Tilburg University, Center for Economic Research.
- Ikefuji, M. & Laeven, R.J.A. & Magnus, J.R. & Muris, C.H.M., 2010. "Scrap Value Functions in Dynamic Decision Problems," Other publications TiSEM 94a6f785-0395-4b35-9c57-7, Tilburg University, School of Economics and Management.
- Martin L. Weitzman, 2020. "Prices or Quantities Can Dominate Banking and Borrowing," Scandinavian Journal of Economics, Wiley Blackwell, vol. 122(2), pages 437-463, April.
- Jiang, Minxing & Zhu, Bangzhu & Wei, Yi-Ming & Chevallier, Julien & He, Kaijian, 2018.
"An intertemporal carbon emissions trading system with cap adjustment and path control,"
Energy Policy, Elsevier, vol. 122(C), pages 152-161.
- Minxing Jiang & Bangzhu Zhu & Yi-Ming Wei & Julien Chevallier & Kaijian He, 2018. "An intertemporal carbon emissions trading system with cap adjustment and path control," Post-Print halshs-04250186, HAL.
- Olli-Pekka Kuusela & Jussi Lintunen, 2020. "A Cap-and-Trade Commitment Policy with Allowance Banking," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 75(3), pages 421-455, March.
- 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.
- Aude Pommeret & Katheline Schubert, 2018.
"Intertemporal Emission Permits Trading Under Uncertainty and Irreversibility,"
Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 71(1), pages 73-97, September.
- Aude Pommeret & Katheline Schubert, 2018. "Intertemporal emission permits trading under uncertainty and irreversibility," PSE-Ecole d'économie de Paris (Postprint) halshs-01631659, HAL.
- Aude Pommeret & Katheline Schubert, 2018. "Intertemporal emission permits trading under uncertainty and irreversibility," Post-Print halshs-01631659, HAL.
- Woerman, Matt, 2023.
"Linking carbon markets with different initial conditions,"
Journal of Environmental Economics and Management, Elsevier, vol. 119(C).
- Woerman, Matthew, 2017. "Linking Carbon Markets with Different Initial Conditions," RFF Working Paper Series 17-16, Resources for the Future.
- Makoto Hasegawa & Stephen Salant, 2015.
"The Dynamics of Pollution Permits,"
Annual Review of Resource Economics, Annual Reviews, vol. 7(1), pages 61-79, October.
- Hasegawa, Makoto & Salant, Stephen, 2015. "The Dynamics of Pollution Permits," RFF Working Paper Series dp-15-20, Resources for the Future.
- Lintunen, Jussi & Kuusela, Olli-Pekka, 2018. "Business cycles and emission trading with banking," European Economic Review, Elsevier, vol. 101(C), pages 397-417.
- Simon Quemin & Christian Perthuis, 2019.
"Transitional Restricted Linkage Between Emissions Trading Schemes,"
Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 74(1), pages 1-32, September.
- Simon Quemin & Christian de Perthuis, 2017. "Transitional Restricted Linkage between Emissions Trading Schemes," Policy Papers 2017.09, FAERE - French Association of Environmental and Resource Economists.
- Simon Quemin & Christian de Perthuis, 2017. "Transitional restricted linkage between Emissions Trading Schemes," Working Papers 1701, Chaire Economie du climat.
- Quemin, Simon & de Perthius, Christian, 2018. "Transitional restricted linkage between emissions trading schemes," LSE Research Online Documents on Economics 91522, London School of Economics and Political Science, LSE Library.
- Simon Quemin & Christian de Perthuis, 2017. "Transitional Restricted Linkage between Emissions Trading Schemes," Working Papers 2017.31, FAERE - French Association of Environmental and Resource Economists.
- Holland, Stephen P. & Yates, Andrew J., 2015.
"Optimal trading ratios for pollution permit markets,"
Journal of Public Economics, Elsevier, vol. 125(C), pages 16-27.
- Stephen Holland & Andrew J. Yates, 2014. "Optimal Trading Ratios for Pollution Permit Markets," NBER Working Papers 19780, National Bureau of Economic Research, Inc.
- 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.
- repec:dau:papers:123456789/2267 is not listed on IDEAS
- Jussi Lintunen & Olli-Pekka Kuusela, 2015. "Optimal Management of Markets for Bankable Emission PermitsOptimal Management of Markets for Bankable Emission Permits," Working Papers 2015.48, Fondazione Eni Enrico Mattei.
- Raphaël Trotignon & Pierre-André Jouvet & Boris Solier & Simon Quemin & Jérémy Elbeze, 2015. "European carbon market: lessons on the impact of a market stability reserve using the Zephyr model," Working Papers 1511, Chaire Economie du climat.
- Baran Doda, Simon Quemin, Luca Taschini, 2017.
"A theory of gains from trade in multilaterally linked ETSs,"
GRI Working Papers
275, Grantham Research Institute on Climate Change and the Environment.
- Baran Doda & Simon Quemin & Luca Taschini, 2017. "A Theory of Gains from Trade in Multilaterally Linked ETSs," Working Papers 1706, Chaire Economie du climat.
- Linghu, Dazhi & Wu, Xilin & Lai, Kee-Hung & Ye, Fei & Kumar, Ajay & Tan, Kim Hua, 2022. "Implementation strategy and emission reduction effectiveness of carbon cap-and-trade in heterogeneous enterprises," International Journal of Production Economics, Elsevier, vol. 248(C).
- Benjamin Leard, 2013. "The Welfare Effects of Allowance Banking in Emissions Trading Programs," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 55(2), pages 175-197, June.
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.- 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.
- 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.
- 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.
- Reyer Gerlagh & Roweno J.R.K. Wan, 2018. "Optimal Stabilization in an Emission Permits Market," CESifo Working Paper Series 6950, CESifo.
- Revesz, Richard & Stavins, Robert, 2004.
"Environmental Law and Policy,"
Working Paper Series
rwp04-023, Harvard University, John F. Kennedy School of Government.
- Richard L. Revesz & Robert Stavins, 2007. "Environmental Law and Policy," NBER Working Papers 13575, National Bureau of Economic Research, Inc.
- Stavins, Robert, 2001.
"Lessons From the American Experiment With Market-Based Environmental Policies,"
RFF Working Paper Series
dp-01-53, Resources for the Future.
- Stavins, Robert N., 2001. "Lessons From the American Experiment With Market-Based Environmental Policies," Discussion Papers 10589, Resources for the Future.
- Stavins, Robert, 2001. "Lessons from the American Experiment with Market-Based Environmental Policies," Working Paper Series rwp01-032, Harvard University, John F. Kennedy School of Government.
- Considine, Timothy J. & Larson, Donald F., 2006.
"The environment as a factor of production,"
Journal of Environmental Economics and Management, Elsevier, vol. 52(3), pages 645-662, November.
- Considine, Timothy J. & Larson, Donald F., 2004. "The environment as a factor of production," Policy Research Working Paper Series 3271, The World Bank.
- Stavins, Robert, 2004.
"Environmental Economics,"
RFF Working Paper Series
dp-04-54, Resources for the Future.
- Robert N. Stavins, 2007. "Environmental Economics," NBER Working Papers 13574, National Bureau of Economic Research, Inc.
- Stavins, Robert, 2004. "Environmental Economics," Working Paper Series rwp04-051, Harvard University, John F. Kennedy School of Government.
- Stavins, Robert N., 2004. "Environmental Economics," Discussion Papers 10841, Resources for the Future.
- 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.
- Yu, Jongmin & Mallory, Mindy L., 2015. "An optimal hybrid emission control system in a multiple compliance period model," Resource and Energy Economics, Elsevier, vol. 39(C), pages 16-28.
- Lintunen, Jussi & Kuusela, Olli-Pekka, 2018. "Business cycles and emission trading with banking," European Economic Review, Elsevier, vol. 101(C), pages 397-417.
- 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.
- Li, Shoude, 2014. "Dynamic optimal control of pollution abatement under emissions permit banking," Economic Modelling, Elsevier, vol. 36(C), pages 363-369.
- Robert W. Hahn & Robert N. Stavins, 2011.
"The Effect of Allowance Allocations on Cap-and-Trade System Performance,"
Journal of Law and Economics, University of Chicago Press, vol. 54(S4), pages 267-294.
- Robert W. Hahn & Robert N. Stavins, 2010. "The Effect of Allowance Allocations on Cap-and-Trade System Performance," NBER Working Papers 15854, National Bureau of Economic Research, Inc.
- Hahn, Robert W. & Stavins, Robert Norman, 2010. "The Effect of Allowance Allocations on Cap-and-Trade System Performance," Scholarly Articles 4449098, Harvard Kennedy School of Government.
- Robert W. Hahn & Robert N. Stavins, 2010. "The Effect of Allowance Allocations on Cap-and-Trade System Performance," Working Papers 2010.80, Fondazione Eni Enrico Mattei.
- Hahn, Robert W. & Stavins, Robert N., 2010. "The Effect of Allowance Allocations on Cap-and-Trade System Performance," Working Paper Series rwp10-010, Harvard University, John F. Kennedy School of Government.
- Hahn, Robert W. & Stavins, Robert N., 2010. "The Effect of Allowance Allocations on Cap-and-Trade System Performance," Sustainable Development Papers 92707, Fondazione Eni Enrico Mattei (FEEM).
- Burtraw, Dallas & Holt, Charles & Palmer, Karen & Paul, Anthony & Shobe, William, 2018. "Quantities with Prices," RFF Working Paper Series 18-08, Resources for the Future.
- 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.
- Olivier Rousse & Benoît Sévi, 2005. "Behavioral Heterogeneity in the US Sulfur Dioxide Emissions Allowance Trading Program," ERSA conference papers ersa05p550, European Regional Science Association.
- Li, Shoude, 2013. "Emission permit banking, pollution abatement and production–inventory control of the firm," International Journal of Production Economics, Elsevier, vol. 146(2), pages 679-685.
- Ian A. MacKenzie, 2017. "Rent creation and rent seeking in environmental policy," Public Choice, Springer, vol. 171(1), pages 145-166, April.
Corrections
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:isu:genstf:200601010800001338. 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: Curtis Balmer (email available below). General contact details of provider: https://edirc.repec.org/data/deiasus.html .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.