Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/55166 
Authors: 
Year of Publication: 
2009
Series/Report no.: 
Working Paper No. 638
Publisher: 
Queen Mary University of London, Department of Economics, London
Abstract: 
The aim of this paper is to extend existing literature on carbon allowance allocation, investigating the impact of uncertainty and ambiguity, due to the lack of future Environmental policy, on the total production in the market. Specifically, we show that an increase in uncertainty has no effect on the total output, whereas an increase in ambiguity leads to a decrease in the total output. An output-based allocation model in Cournot Oligopoly will be used. We will adopt the National Allocation Plan (NAP) of UK for the Second Phase (2005-07) as a case study.
Subjects: 
carbon allowances
permits allocation
EU ETS
uncertainty
JEL: 
D2
D8
Q4
Document Type: 
Working Paper

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