| Publikationstyp: | Beitrag in wissenschaftlicher Zeitschrift |
| Art der Begutachtung: | Peer review (Publikation) |
| Titel: | Combining price and quantity controls under partitioned environmental regulation |
| Autor/-in: | Abrell, Jan Rausch, Sebastian |
| DOI: | 10.1016/j.jpubeco.2016.11.018 |
| Erschienen in: | Journal of Public Economics |
| Band(Heft): | 2017 |
| Heft: | 145 |
| Seite(n): | 226 |
| Seiten bis: | 242 |
| Erscheinungsdatum: | 2016 |
| Verlag / Hrsg. Institution: | Elsevier |
| ISSN: | 0047-2727 |
| Sprache: | Englisch |
| Schlagwörter: | Emission Trading; Emission uncertainty; Hybrid regulation; Partitioned environmental regulation |
| Fachgebiet (DDC): | 363: Umwelt- und Sicherheitsprobleme |
| Zusammenfassung: | This paper analyzes hybrid emissions trading systems (ETSs) under partitioned environmental regulation when firms' abatement costs and future emissions are uncertain. We show that hybrid policies that introduce bounds on the price or the quantity of abatement provide a way to hedge against differences in marginal abatement costs across partitions. Price bounds are more efficient than abatement bounds as they also use information on firms' abatement technologies while abatement bounds can only address emission uncertainty. Using a numerical stochastic optimization model with equilibrium constraints for the European carbon market, we find that introducing hybrid policies in EU ETS reduces expected excess abatement costs of achieving targeted emission reductions under EU climate policy by up to 89%. We also find that under partitioned regulation there is a high likelihood for hybrid policies to yield sizeable ex-post cost reductions. |
| URI: | https://digitalcollection.zhaw.ch/handle/11475/16539 |
| Volltext Version: | Publizierte Version |
| Lizenz (gemäss Verlagsvertrag): | Lizenz gemäss Verlagsvertrag |
| Departement: | School of Management and Law |
| Enthalten in den Sammlungen: | Publikationen School of Management and Law |
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Abrell, J., & Rausch, S. (2016). Combining price and quantity controls under partitioned environmental regulation. Journal of Public Economics, 2017(145), 226–242. https://doi.org/10.1016/j.jpubeco.2016.11.018
Abrell, J. and Rausch, S. (2016) ‘Combining price and quantity controls under partitioned environmental regulation’, Journal of Public Economics, 2017(145), pp. 226–242. Available at: https://doi.org/10.1016/j.jpubeco.2016.11.018.
J. Abrell and S. Rausch, “Combining price and quantity controls under partitioned environmental regulation,” Journal of Public Economics, vol. 2017, no. 145, pp. 226–242, 2016, doi: 10.1016/j.jpubeco.2016.11.018.
ABRELL, Jan und Sebastian RAUSCH, 2016. Combining price and quantity controls under partitioned environmental regulation. Journal of Public Economics. 2016. Bd. 2017, Nr. 145, S. 226–242. DOI 10.1016/j.jpubeco.2016.11.018
Abrell, Jan, and Sebastian Rausch. 2016. “Combining Price and Quantity Controls under Partitioned Environmental Regulation.” Journal of Public Economics 2017 (145): 226–42. https://doi.org/10.1016/j.jpubeco.2016.11.018.
Abrell, Jan, and Sebastian Rausch. “Combining Price and Quantity Controls under Partitioned Environmental Regulation.” Journal of Public Economics, vol. 2017, no. 145, 2016, pp. 226–42, https://doi.org/10.1016/j.jpubeco.2016.11.018.
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