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Please use this identifier to cite or link to this item: http://hdl.handle.net/1893/27074
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dc.contributor.authorCason, Timothy Nen_UK
dc.contributor.authorde Vries, Fransen_UK
dc.date.accessioned2018-04-18T23:08:32Z-
dc.date.available2018-04-18T23:08:32Z-
dc.date.issued2019-05en_UK
dc.identifier.urihttp://hdl.handle.net/1893/27074-
dc.description.abstractThis study employs a laboratory experiment to assess the performance of tradable permit markets on dynamic efficiency arising from cost-reducing investment. The permit allocation rule is the main treatment variable, with permits being fully auctioned or grandfathered. The experimental results show significant investment under both allocation rules in the presence of ex ante uncertainty over the actual investment outcome. However, auctioning permits generally provides stronger incentives to invest in R&D, leading to greater dynamic efficiency compared to grandfathering.en_UK
dc.language.isoenen_UK
dc.publisherSpringeren_UK
dc.relationCason TN & de Vries F (2019) Dynamic Efficiency in Experimental Emissions Trading Markets with Investment Uncertainty. Environmental and Resource Economics, 73 (1), pp. 1-31. https://doi.org/10.1007/s10640-018-0247-7en_UK
dc.rights© The Author(s) 2018 This article is distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution, and reproduction in any medium, provided you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license, and indicate if changes were made.en_UK
dc.rights.urihttp://creativecommons.org/licenses/by/4.0/en_UK
dc.subjectPollution permitsen_UK
dc.subjectAllowance auctionen_UK
dc.subjectGrandfatheringen_UK
dc.subjectInvestment incentivesen_UK
dc.subjectStochastic R&Den_UK
dc.subjectLaboratory experimentsen_UK
dc.titleDynamic Efficiency in Experimental Emissions Trading Markets with Investment Uncertaintyen_UK
dc.typeJournal Articleen_UK
dc.identifier.doi10.1007/s10640-018-0247-7en_UK
dc.citation.jtitleEnvironmental and Resource Economicsen_UK
dc.citation.issn1573-1502en_UK
dc.citation.issn0924-6460en_UK
dc.citation.volume73en_UK
dc.citation.issue1en_UK
dc.citation.spage1en_UK
dc.citation.epage31en_UK
dc.citation.publicationstatusPublisheden_UK
dc.citation.peerreviewedRefereeden_UK
dc.type.statusVoR - Version of Recorden_UK
dc.contributor.funderU.S. Environmental Protection Agencyen_UK
dc.contributor.funderEuropean Investment Banken_UK
dc.citation.date16/04/2018en_UK
dc.contributor.affiliationPurdue Universityen_UK
dc.contributor.affiliationEconomicsen_UK
dc.identifier.isiWOS:000466891400001en_UK
dc.identifier.scopusid2-s2.0-85045430099en_UK
dc.identifier.wtid877643en_UK
dc.contributor.orcid0000-0003-0462-5035en_UK
dc.date.accepted2018-04-03en_UK
dcterms.dateAccepted2018-04-03en_UK
dc.date.filedepositdate2018-04-16en_UK
dc.relation.funderprojectResearch Programme on the Financial and Economic Valuation of Environmental Impactsen_UK
dc.relation.funderref0en_UK
rioxxterms.apcnot requireden_UK
rioxxterms.typeJournal Article/Reviewen_UK
rioxxterms.versionVoRen_UK
local.rioxx.authorCason, Timothy N|en_UK
local.rioxx.authorde Vries, Frans|0000-0003-0462-5035en_UK
local.rioxx.project0|European Investment Bank|http://dx.doi.org/10.13039/501100006139en_UK
local.rioxx.freetoreaddate2018-04-17en_UK
local.rioxx.licencehttp://www.rioxx.net/licenses/under-embargo-all-rights-reserved||2018-04-16en_UK
local.rioxx.licencehttp://creativecommons.org/licenses/by/4.0/|2018-04-17|en_UK
local.rioxx.filenameCason de Vries (ERE 2018) Dynamic efficiency in experimental emissions trading markets.pdfen_UK
local.rioxx.filecount1en_UK
local.rioxx.source1573-1502en_UK
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