search query: @indexterm TRADEABLE PERMITS / total: 8
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| Author: | |
| Title: | Emissions trading with shares and coupons when control over discharges is uncertain |
| Journal: | Journal of Environmental Economics and Management
1997 : MAR, VOL. 32:3, p. 359-381 |
| Index terms: | TRADE BANKING POLLUTION CONTROL UNCERTAINTY TRADEABLE PERMITS |
| Language: | eng |
| Abstract: | Important decisions in designing markets for tradable emissions permits are whether to allow banking and whether to allow trading in entitlements to future permits. Banking refers to the ability to carry unused emission permits forward from one compliance period. Tradeable shares are a common feature in proposals for emission trading in Canada. This paper conducts a laboratory experiment to investigate how bankable coupons and tradable shares affect efficiency and prices under uncertainty. |
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