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http://hdl.handle.net/10419/19171
  

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dc.contributor.authorBode, Svenen_US
dc.date.accessioned2009-01-28T15:56:15Z-
dc.date.available2009-01-28T15:56:15Z-
dc.date.issued2003en_US
dc.identifier.urihttp://hdl.handle.net/10419/19171-
dc.description.abstractGreenhouse 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.en_US
dc.language.isoengen_US
dc.relation.ispartofseriesHWWA Discussion Paper 230en_US
dc.subject.jelL20en_US
dc.subject.jelQ25en_US
dc.subject.jelQ28en_US
dc.subject.jelH23en_US
dc.subject.ddc330en_US
dc.subject.keywordGHG abatement costsen_US
dc.subject.keywordallocation of emission rightsen_US
dc.subject.keywordcompliance costsen_US
dc.subject.keywordmulti period emission tradingen_US
dc.subject.stwKlimaschutzen_US
dc.subject.stwUmweltzertifikaten_US
dc.subject.stwAllokationen_US
dc.subject.stwSpieltheorieen_US
dc.subject.stwUmweltschutzkostenen_US
dc.subject.stwNormbefolgungen_US
dc.subject.stwTheorieen_US
dc.titleAbatement Costs vs. Compliance Costs in Multi-Period Emissions Trading - The Firms' Perspectiveen_US
dc.typeWorking Paperen_US
dc.identifier.ppn364453451en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
dc.identifier.repecRePEc:zbw:hwwadp:230-
Appears in Collections:HWWA Discussion Paper, Hamburgisches Welt-Wirtschafts-Archiv

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