Abstract Unlike derivatives of financial contracts, commodity options exhibit distinct particularities owing to physical aspects of the underlying. An adaptation... Read more
Publications
The Grantham Research Institute publishes its own Working Paper series, aimed at stimulating discussion among researchers across a wide range of academic disciplines. The Institute also produces policy publications and consultation responses, to inform decision-makers in the UK and internationally. Staff from the Institute regularly publish in leading academic journals and contribute to a broad range of reports and books.
Abstract It is now widely recognized that effective communication and demand-side policies for alternative energy require sound knowledge of preferences... Read more
Working Paper 29 Abstract The allocation rules for phase one EU ETS emissions permits demonstrates that energy generators were lobbying... Read more
Unless the world embarks now on a new energy and industrial revolution it will be very difficult to manage the... Read more
Abstract The policy debate on climate change distinguishes two generic response options. The first (and more prominent) option is mitigation.... Read more
Working Paper 28 Abstract Carter (2008) notes that for climate change “sound science [sic] understanding is an essential prerequisite to... Read more
Working Paper 27 Abstract Opportunistic behaviour due to incomplete contract enforcement is a risk in many economic transactions, such as... Read more
Working Paper 26 Abstract We examine the key design mechanisms of existing and proposed cap-and-trade markets. First, it is shown... Read more
Working Paper 25 Abstract We review fundamental concepts in environmental economics and explore theoretical results regarding the choice of the... Read more
Headline issue Climate change is one of the most significant challenges we face. It will impact the UK population, environment... Read more