Tekijä: | Hagem, C. Westskog, H. |
Otsikko: | The design of a dynamic tradeable quota system under market imperfections |
Lehti: | Journal of Environmental Economics and Management
1998 : JUL, VOL. 36:1, p. 89-107 |
Asiasana: | ENVIRONMENTAL ECONOMICS MANAGEMENT MARKETS |
Kieli: | eng |
Tiivistelmä: | Market power within a dynamic system of tradeable quotas with banking and borrowing of quotas leads to a nonoptimal distribution of abatement across agents. In this paper, the authors introduce a quota system that may reduce the efficiency loss from market power and thereby result in a distribution of abatement across agents that is closer to a cost-effective outcome. However, this system will in general lead to a nonoptimal distribution of abatement across periods. |
SCIMA