Environmental policy under ambiguity

Arbeitspapier

The aim of this paper is to extend existing literature on carbon allowance allocation, investigating the impact of uncertainty and ambiguity, due to the lack of future Environmental policy, on the total production in the market. Specifically, we show that an increase in uncertainty has no effect on the total output, whereas an increase in ambiguity leads to a decrease in the total output. An output-based allocation model in Cournot Oligopoly will be used. We will adopt the National Allocation Plan (NAP) of UK for the Second Phase (2005-07) as a case study.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: Working Paper ; No. 638

Classification and Topics

• Classification: Wirtschaft
• Subject: carbon allowances ; permits allocation ; EU ETS ; uncertainty ; Emissionsrechte ; Kohlendioxid ; Allokation ; EU-Umweltpolitik ; Duopol ; Entscheidung bei Unsicherheit ; Großbritannien

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Vinokur, Leon
• Event: Veröffentlichung
• (who): Queen Mary University of London, Department of Economics
• (where): London
• (when): 2009

Further information

• Handle: http://hdl.handle.net/10419/55166
• Last update: 10.03.2025, 11:45 AM CET