المستودع الأكاديمي جامعة المدينة

Abatement Costs vs. Compliance Costs in Multi-Period Emissions Trading - The Firms' Perspective

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dc.creator Bode, Sven
dc.date 2003
dc.date.accessioned 2013-10-16T07:03:22Z
dc.date.available 2013-10-16T07:03:22Z
dc.date.issued 2013-10-16
dc.identifier http://hdl.handle.net/10419/19171
dc.identifier ppn:364453451
dc.identifier RePEc:zbw:hwwadp:230
dc.identifier.uri http://koha.mediu.edu.my:8181/xmlui/handle/10419/19171
dc.description Greenhouse gas emission trading has become more and more important in the context of climate change. Recently, a discussion on trading on entity (i.e. company) level has started. Emitters likely to be obliged to participate have argued for an initial allocation of the emission rights free of charge. I analyse the implication of such an allocation based on historical emissions and on benchmarks in multi-period emission trading. Different allocation rules for successive periods are applied, namely allocations with reference figures that are either constant or that change over time. The analysis is carried out using a two-player, two-period model. I find that – depending on their marginal abatement cost - participants have different preferences with regard to the allocation method over time as individual compliance cost can change, too. Total costs remain, however, unaffected by the individual allocations as emissions are reduced where abatement is cheapest. Furthermore, I show that, depending on the allocation method, incentives exist to increase emissions in one period in order to get more emission rights in a subsequent period.
dc.language eng
dc.relation HWWA Discussion Paper 230
dc.rights http://www.econstor.eu/dspace/Nutzungsbedingungen
dc.subject L20
dc.subject Q25
dc.subject Q28
dc.subject H23
dc.subject ddc:330
dc.subject GHG abatement costs
dc.subject allocation of emission rights
dc.subject compliance costs
dc.subject multi period emission trading
dc.subject Klimaschutz
dc.subject Umweltzertifikat
dc.subject Allokation
dc.subject Spieltheorie
dc.subject Umweltschutzkosten
dc.subject Normbefolgung
dc.subject Theorie
dc.title Abatement Costs vs. Compliance Costs in Multi-Period Emissions Trading - The Firms' Perspective
dc.type doc-type:workingPaper


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