haku: @indexterm bilateral trade / yhteensä: 181
viite: 35 / 181
| Tekijä: | Burtaw, D. |
| Otsikko: | Improving efficiency in bilaterial emission trading |
| Lehti: | Environmental and Resource Economics
1998 : JAN, VOL. 11:1, p. 19-33 |
| Asiasana: | EFFICIENCY BILATERAL TRADE ENVIRONMENT |
| Kieli: | eng |
| Tiivistelmä: | When environmental damages from emissions are spatially nonuniform, permit trading has been modeled most often as a "pollution offset program" in which emission permits are traded between agents, subject to constraints on ambient air quality. To date the institution envisioned to implement such a program involves trading on a bilateral and sequential basis. This paper identifies a design for the trading institution that tends to overcome this phenomenon and improve the efficiency of equilibria obtained in a simulation model. |
SCIMA