All pages with keywords: Emission permits

For want of a chair: teaching price formation using a cap and trade game

For want of a chair: teaching price formation using a cap and trade game

a working paper by Stefano Carattini, Eli Fenichel, Alexander Gordan, Patrick Gourley 22 March, 2019

This paper describes the benefits of a game created as an active learning method to teach current and future decision-makers about the ‘cap and trade’ system, one of the most innovative policy options developed by environmental economists. read more »


Pollution permits, strategic trading and dynamic technology adoption

Pollution permits, strategic trading and dynamic technology adoption

a working paper by Luca Taschini 1 May, 2011

This paper analyses the dynamic incentives for technology adoption under a transferable permits system, which allows for strategic trading on the permit market. Initially, firms can … read more »


Environmental economics and modelling marketable permits

Environmental economics and modelling marketable permits

a research article by Luca Taschini 18 December, 2010

This paper reviews fundamental concepts in environmental economics and explores theoretical results regarding the choice of the key policy instruments for the control of externalities: taxes, subsidies and marketable … read more »


A comparison of reduced-form permit price models and their empirical performances

A comparison of reduced-form permit price models and their empirical performances

a working paper 1 December, 2010

Equilibrium models have been proposed in literature with the aim of describing the evolution of the price of emission permits. This paper derives first a reduced-form … read more »


Environmental economics and modelling marketable permits

Environmental economics and modelling marketable permits

a working paper by Luca Taschini 1 September, 2010

We review fundamental concepts in environmental economics and explore theoretical results regarding the choice of the key policy instruments for the control of externalities: taxes, subsidies … read more »


The real option to fuel switch in the presence of expected windfall profits under the EU Emission Trading Scheme

The real option to fuel switch in the presence of expected windfall profits under the EU Emission Trading Scheme

a research article by Luca Taschini 18 July, 2010

This paper develops a simple model to evaluate the value and the activation frequencies of a generation system consisting of coal-fired and a gas-fired power plants using a real … read more »