Artikel
Trading hot-air: the influence of permit allocation rules, market power and the US withdrawal from the Kyoto Protocol
After the conferences in Bonn and Marrakech it is likely that international emissions trading will be realized in the near future. Major influences on the permit market are the institutional detail, the participation structure and the treatment of hot-air. Different scenarios do not only differ in their implications for the demand and supply of permits and thus the permit price, but also in their allocative effects. In this paper we discuss likely institutional designs for permit allocation in the hot-air economies and the use of market power and quantify the resulting effects by using the computable general equilibrium model DART. It turns out that the amount of hot-air supplied will be small if hot-air economies cooperate in their decisions. Under welfare maximization more hot-air is supplied than in the case were governments try to maximize revenues from permit sales.
- Sprache
-
Englisch
- Erschienen in
-
Journal: Environmental & resource economics ; ISSN: 0924-6460 ; Volume: 32 ; Year: 2005 ; Issue: 2 ; Pages: 205-227 ; Dordrecht: Springer
- Klassifikation
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Wirtschaft
Energy: Government Policy
Trade and Environment
Computable and Other Applied General Equilibrium Models
Computable General Equilibrium Models
- Thema
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CGE Model
DART
Emission Trading
Hot-Air
Kyoto Protocol
Market Power
Permit Allocation
Emissionsrechte
Klimaschutz
Umweltabkommen
Allgemeines Gleichgewicht
Wirtschaftspolitische Wirkungsanalyse
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Klepper, Gernot
Peterson, Sonja
- Ereignis
-
Veröffentlichung
- (wer)
-
Springer
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften, Leibniz-Informationszentrum Wirtschaft
- (wo)
-
Dordrecht
- (wann)
-
2005
- Handle
- Letzte Aktualisierung
-
2025-03-10T11:44:25+0100
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Artikel
Beteiligte
- Klepper, Gernot
- Peterson, Sonja
- Springer
- ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften, Leibniz-Informationszentrum Wirtschaft
Entstanden
- 2005
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