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)
- Alternative title
-
Die versteckte Regulierung des Marktes für CO2-Emissionen
- ISSN
-
0172-6404
- Extent
-
Seite(n): 132-149
- Language
-
Englisch
- Notes
-
Status: Veröffentlichungsversion; begutachtet (peer reviewed)
- Bibliographic citation
-
Historical Social Research, 40(1)
- Subject
-
Wirtschaft
Recht
Geschichte
allgemeine Geschichte
Recht
Volkswirtschaftstheorie
Leistungsfähigkeit
historische Entwicklung
Konvention
Bürokratie
Markt
Emissionshandel
Recht
- Event
-
Geistige Schöpfung
- (who)
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Knoll, Lisa
- Event
-
Veröffentlichung
- (where)
-
Deutschland
- (when)
-
2015
- DOI
- URN
-
urn:nbn:de:0168-ssoar-419544
- Rights
-
GESIS - Leibniz-Institut für Sozialwissenschaften. Bibliothek Köln
- Last update
-
21.06.2024, 4:26 PM CEST
Data provider
GESIS - Leibniz-Institut für Sozialwissenschaften. Bibliothek Köln. If you have any questions about the object, please contact the data provider.
Object type
- Zeitschriftenartikel
Associated
- Knoll, Lisa
Time of origin
- 2015
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