Walrasian prices in markets with tradable rights

DOI10.1007/S00199-011-0635-5zbMath1277.91127OpenAlexW2116584689MaRDI QIDQ663214

Juan-Miguel Gracia

Publication date: 14 February 2012

Published in: Economic Theory (Search for Journal in Brave)

Full work available at URL: http://hdl.handle.net/10533/127479

zbMATH Keywords

competitive equilibriumexternalitiescap-and-trade programconsumption rightstradable licenses

Mathematics Subject Classification ID

Environmental economics (natural resource models, harvesting, pollution, etc.) (91B76) Special types of economic markets (including Cournot, Bertrand) (91B54)

Related Items (1)

Revisiting the Coase theorem

Cites Work

• Taxes versus quantities for a stock pollutant with endogenous abatement costs and asymmetric information
• Detrimental externalities, pollution rights, and the ``Coase theorem
• Sustainable markets with short sales
• Changes in the firms behavior after the opening of markets of allowances
• Fundamental nonconvexities in Arrovian markets and a Coasian solution to the problem of externalities
• Fishing quota markets
• Coasian equilibrium

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