|Appears in Collections:||Economics Journal Articles|
|Peer Review Status:||Refereed|
|Title:||Using contests to allocate pollution rights|
|Authors:||MacKenzie, Ian A|
|Citation:||MacKenzie IA, Hanley N & Kornienko T (2009) Using contests to allocate pollution rights, Energy Policy, 37 (7), pp. 2798-2806.|
|Abstract:||In this paper we advocate a new initial allocation mechanism for a tradable pollution permit market. We outline a Permit Allocation Contest (PAC) that distributes permits to firms based on their rank relative to other firms. This ranking is achieved by ordering firms based on an observable ‘external action’ where the external action is an activity or characteristic of the firm that is independent of their choice of emissions in the tradable permit market. We argue that this mechanism has a number of benefits over auctioning and grandfathering. Using this mechanism efficiently distributes permits, allows for the attainment of a secondary policy objective and has the potential to be more politically appealing than existing alternatives.|
|Rights:||The publisher does not allow this work to be made publicly available in this Repository. Please use the Request a Copy feature at the foot of the Repository record to request a copy directly from the author; you can only request a copy if you wish to use this work for your own research or private study.|
|Affiliation:||Center for Economic Research, Switzerland|
University of Edinburgh
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