| Title: | Emissions Trading with Profit-Neutral Permit Allocations |
| Authors: | Hepburn, Cameron J. Quah, John K.-H. Ritz, Robert A. |
| Keywords: | Cap-and-trade permit allocation profit-neutrality cost pass-through abatement grandfathering |
| Issue Date: | 17-Aug-2012 |
| Publisher: | Faculty of Economics, University of Cambridge, UK |
| Series/Report no.: | CWPE 1235 |
| Abstract: | This paper examines the impact of an emissions trading scheme (ETS) on equilibrium emissions, output, price, market concentration, and profits in a generalized Cournot model. We develop formulae for the number of emissions permits that have to be freely allocated to firms to neutralize the profit impact of the ETS. We show that its profit impact is usually limited |
| URI: | http://www.econ.cam.ac.uk/dae/repec/cam/pdf/cwpe1235.pdf http://www.dspace.cam.ac.uk/handle/1810/243947 |
| Appears in Collections: | Cambridge Working Papers in Economics |
Files in This Item:
|
| Additional resources for this item |
|---|
| search for alternative versions in eresources@cambridge |
| retrieve citation metadata in EndNote format |
This item has been accessed 92 times.
Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.