Journal article | Zeitschriftenartikel

The hidden regulation of carbon markets

"This article tracks the creation and maintenance of markets for emission rights and the role that law-creation plays within this process. From a recent example of a market creation -the European Emissions Trading Scheme (EU ETS)-, insights will be gained about the intrinsic and fundamental connections between market creation and bureaucratization. This process unfolds in a paradoxical way: The free-market hypothesis is, in fact, creating a demand for regulation, administration, and control. Law creation that is informed by the free-market hy-pothesis (the Law and Economics School in general, the EU Directive as a specific case), separates the "inside of the market" from the "outside of the market". This, firstly, causes a need for extra-administration at the "outside of the market" in order to resolve the uncertainty that emanates from the self-imposed requirement of leaving "the market itself" unregulated. And it, secondly, exposes the "rational actor" to an open and uncertain situation, which then leads to private regulative and administrative attempts at the "inside of the market". (author's abstract)

The hidden regulation of carbon markets

Urheber*in: Knoll, Lisa

Namensnennung 4.0 International

Weitere Titel
Die versteckte Regulierung des Marktes für CO2-Emissionen
ISSN
0172-6404
Umfang
Seite(n): 132-149
Sprache
Englisch
Anmerkungen
Status: Veröffentlichungsversion; begutachtet (peer reviewed)

Erschienen in
Historical Social Research, 40(1)

Thema
Wirtschaft
Recht
Geschichte
allgemeine Geschichte
Recht
Volkswirtschaftstheorie
Leistungsfähigkeit
historische Entwicklung
Konvention
Bürokratie
Markt
Emissionshandel
Recht

Ereignis
Geistige Schöpfung
(wer)
Knoll, Lisa
Ereignis
Veröffentlichung
(wo)
Deutschland
(wann)
2015

DOI
URN
urn:nbn:de:0168-ssoar-419544
Rechteinformation
GESIS - Leibniz-Institut für Sozialwissenschaften. Bibliothek Köln
Letzte Aktualisierung
21.06.2024, 16:26 MESZ

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Objekttyp

  • Zeitschriftenartikel

Beteiligte

  • Knoll, Lisa

Entstanden

  • 2015

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