A derivation of the marginal abatement cost curve

Article Abstract:

Research was conducted on the relationship of a firm's technology with its marginal abatement cost (MAC) curve. The MAC curve can be redirected at some point even under the simplest specifications except in a special assumption that could be violated. It was implied that the targeted level of emissions reduction is the basis of the choice of instrument under uncertainty. This indicates that output restrictions and emissions restrictions are both effective in some cases.

Control, Marginal productivity

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Small pollution markets: tradable permits versus revelation mechanisms

Article Abstract:

The competitiveness of a market will probably be affected when tradable pollution permits are allowed. In a market model that allows a social planner to analyze the impact of tradable permits and to adjust a plan to manage the real costs of decreasing pollution, companies will respond by not trading efficiently. One reason for such non-competitive behavior is that companies may not want planners to learn about how many permits they are trading.

Management, Emissions credit trading, Emissions trading

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Stochastic pollution, permits, and merger incentives

Article Abstract:

The effects of uncertainty on emissions trading and the impacts of changes in regulations and market environments on decision making in companies were examined. Regulators may face several problems from uncertainty. One would be the concerns on pollution control instruments that should be targeted because the allowable emissions ceiling might be violated. Another problem is that regulators are obliged to accommodate stochastic technologies.

Laws, regulations and rules, Stochastic processes, Environmental permits

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