Emission tax vs. permit trading under bounded rationality and dynamic markets
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DOI: 10.1016/j.enpol.2020.112009
Abstract: Abstract A price on emissions can be achieved through an emission tax or permit trading. The advantages and drawbacks of either instrument are debated. We present an agent-based model to compare their performance under bounded… read more here.
Keywords: bounded rationality; tax permit; emission tax; permit ... See more keywords
Permit trading with flow pollution and stock pollution
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DOI: 10.1016/j.jeem.2018.07.002
Abstract: Abstract Water pollutants are non-uniformly mixed across space and different in the persistence of environmental damage. Their marginal environmental damage could vary to a large degree with emission locations. The efficient pollution control should integrate… read more here.
Keywords: pollution; environmental damage; permit trading;
Joint Control of Emissions Permit Trading and Production Involving Fixed and Variable Transaction Costs
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DOI: 10.1111/poms.12875
Abstract: The use of permit markets to mitigate harmful emissions is on the rise. When participating in such a market, an emitting firm needs to acquire from it permits that cover emissions resulting from production. Thus,… read more here.
Keywords: production; variable transaction; transaction costs; trading production ... See more keywords