Please use this identifier to cite or link to this item: http://hdl.handle.net/1893/1655

Appears in Collections:Economics Journal Articles
Peer Review Status: Refereed
Title: Using contests to allocate pollution rights
Authors: MacKenzie, Ian A
Hanley, Nicholas
Kornienko, Tatiana
Contact Email: n.d.hanley@stir.ac.uk
Keywords: tradeable permits
contests
Issue Date: Jul-2009
Publisher: Elsevier
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.
Type: Journal Article
URI: http://hdl.handle.net/1893/1655
URL: http://www.sciencedirect.com/science/journal/03014215
DOI Link: http://dx.doi.org/10.1016/j.enpol.2009.03.030
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
Economics
University of Edinburgh

Files in This Item:
File Description SizeFormat 
JEPO3353.pdf352.04 kBAdobe PDFUnder Embargo until 31/12/2999     Request a copy

Note: If any of the files in this item are currently embargoed, you can request a copy directly from the author by clicking the padlock icon above. However, this facility is dependant on the depositor still being contactable at their original email address.

This item is protected by original copyright



Items in the Repository are protected by copyright, with all rights reserved, unless otherwise indicated.

If you believe that any material held in STORRE infringes copyright, please contact library@stir.ac.uk providing details and we will remove the Work from public display in STORRE and investigate your claim.