Cap-and-trade properties under different hybrid scheme designs

DOI10.1016/j.jeem.2010.09.001zbMath1204.91080OpenAlexW3121491929MaRDI QIDQ621037

Luca Taschini, Georg Grüll

Publication date: 2 February 2011

Published in: Journal of Environmental Economics and Management (Search for Journal in Brave)

Full work available at URL: http://eprints.lse.ac.uk/37597/

zbMATH Keywords

offsetprice ceilingallowance reserveprice collarprice floorsafety valve

Mathematics Subject Classification ID

Environmental economics (natural resource models, harvesting, pollution, etc.) (91B76) Actuarial science and mathematical finance (91G99)

Related Items (6)

Option pricing: the reduced-form SDE model ⋮ Emission allowance as a derivative on commodity-spread ⋮ Optimal dynamic regulation of carbon emissions market ⋮ Emissions trading with rolling horizons ⋮ Price dynamics in the European Union Emissions Trading System and evaluation of its ability to boost emission-related investment decisions ⋮ Empirical performance of reduced-form models for emission permit prices

Cites Work

• Environmental economics and modeling marketable permits
• Noncompliant firms in transferable discharge permit markets: Some extensions
• Dynamic behavior of CO\(_2\) spot prices
• A model of intertemporal emission trading, banking, and borrowing
• The economics of pollution permit banking in the context of Title IV of the 1990 Clean Air Act Amendments
• Market Design for Emission Trading Schemes
• The Endogenous Price Dynamics of Emission Allowances and an Application to CO₂Option Pricing
• Pollution control by options trading

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