Abstract
A useful paper highlighting the quite significant output efficiency variations from subtle differences in market instrument design. The study looks at (1) auction, (2) grandfathering and (3) 'generation performance standard' (tying allocations to emissions efficiency relative to production) to see which gives the lowest cost of carbon emission control. The modelling strongly supports the auction approach but:
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CITATION STYLE
APA
Burtraw, D., Palmer, K., Bharvirkar, R., & Paul, A. (2001). The Effect of Allowance Allocation on the Cost of Carbon Emission Trading. Resources for the Future Discussion Paper, 01–30(August), 49. Retrieved from www.rff.org
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