The design of dynamic tradeable quota system under market imperfections

Article Abstract:

A dynamic tradeable quota system's market power with borrowing and banking of quotas directs to a nonoptimal distribution of reduction across agents. Moreover, the quota system may decrease the efficiency loss from market power, thus, resulting in a distribution of reduction across agents that lead to a more or less cost-effective result. Nevertheless, a nonoptimal distribution of abatement across periods will be generally produced from the quota system.

Air Pollution Control Programs, Greenhouse gases, Air pollution

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Can carbon tax eat OPEC'S rents?

Article Abstract:

The optimal emission tax for a stock pollutant flow is considered when the pollutant flow is also regulated by a resource-exporting cartel. The possibility arises that net benefits at the expense of the cartel can be obtained by the coordination of taxation and the pollution problem.

United States, Petroleum and Coal Products Manufacturing, Taxes, Fuels, Taxation, Fuel, Automotive emissions

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Thin versus thick CO2 market

Article Abstract:

Research is presented concerning the development of a carbon dioxide cap-and-trade model for the investigation of thick and thin carbon dioxide markets. The relationship between trading costs and market size is discussed.

Economics, Research and Development in the Social Sciences and Humanities, Emissions NEC, Environmental aspects, Pollution, Carbon dioxide, Industrial wastes

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