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Endogenous market power in an emissions trading scheme with auctioning

✍ Scribed by Haita, Corina


Book ID
123585416
Publisher
Elsevier Science
Year
2014
Tongue
English
Weight
426 KB
Volume
37
Category
Article
ISSN
0928-7655

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Two important decisions in designing markets for tradable emissions permits are whether to allow banking and whether to allow trading in entitlements to future permits. Recent experiments suggest that banking will be particularly important when uncertainty about actual emissions requires trading in