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Jahrestagung des Vereins für Socialpolitik 2010 (Kiel): Ökonomie der Familie >
Please use this identifier to cite or link to this item:
http://hdl.handle.net/10419/37424
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Full metadata record
| DC Field | | Value | | Language |
| dc.contributor.author | | Betz, Regina | | en_US |
| dc.contributor.author | | Calford, Evan M. | | en_US |
| dc.contributor.author | | Heinzel, Christoph | | en_US |
| dc.date.accessioned | | 2010-08-11T08:53:05Z | | - |
| dc.date.available | | 2010-08-11T08:53:05Z | | - |
| dc.date.issued | | 2010 | | en_US |
| dc.identifier.uri | | http://hdl.handle.net/10419/37424 | | - |
| dc.description.abstract | | We analyse the efficiency effects of the initial permit allocation given to firms with market power in both permit and output market. We examine two models: a long-run model with endogenous technology and capacity choice, and a short-run model with fixed technology and capacity. In the long run, quantity pre-commitment with Bertrand competition can yield Cournot outcomes also under emissions trading. In the short run, Bertrand output competition reproduces the effects derived under Cournot competition, but displays higher pass-through profits. In a second-best setting of overallocation, a tighter emissions target tends to improve permit-market efficiency in the short run. | | en_US |
| dc.language.iso | | eng | | en_US |
| dc.publisher | | Verein für Socialpolitik Frankfurt a. M. | | en_US |
| dc.relation.ispartofseries | | Beiträge zur Jahrestagung des Vereins für Socialpolitik 2010: Ökonomie der Familie - Session: Regulating Related Industries E9-V3 | | en_US |
| dc.subject.jel | | L13 | | en_US |
| dc.subject.jel | | Q28 | | en_US |
| dc.subject.jel | | D43 | | en_US |
| dc.subject.ddc | | 330 | | en_US |
| dc.subject.keyword | | emissions trading | | en_US |
| dc.subject.keyword | | initial permit allocation | | en_US |
| dc.subject.keyword | | Bertrand competition | | en_US |
| dc.subject.keyword | | EU ETS | | en_US |
| dc.subject.keyword | | endogenous technology choice | | en_US |
| dc.subject.keyword | | Kreps and Scheinkman | | en_US |
| dc.title | | Initial Allocation Effects in Permit Markets with Bertrand Output Oligopoly | | en_US |
| dc.type | | Conference Paper | | en_US |
| dc.identifier.ppn | | 655983341 | | - |
| dc.rights | | http://www.econstor.eu/dspace/Nutzungsbedingungen | | - |
| Appears in Collections: | | Jahrestagung des Vereins für Socialpolitik 2010 (Kiel): Ökonomie der Familie
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