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dc.contributor.authorAbrell, Jan-
dc.contributor.authorRausch, Sebastian-
dc.date.accessioned2019-04-05T14:25:01Z-
dc.date.available2019-04-05T14:25:01Z-
dc.date.issued2016-
dc.identifier.issn0047-2727de_CH
dc.identifier.urihttps://digitalcollection.zhaw.ch/handle/11475/16539-
dc.description.abstractThis 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.de_CH
dc.language.isoende_CH
dc.publisherElsevierde_CH
dc.relation.ispartofJournal of Public Economicsde_CH
dc.rightsLicence according to publishing contractde_CH
dc.subjectEmission Tradingde_CH
dc.subjectEmission uncertaintyde_CH
dc.subjectHybrid regulationde_CH
dc.subjectPartitioned environmental regulationde_CH
dc.subject.ddc363: Umwelt- und Sicherheitsproblemede_CH
dc.titleCombining price and quantity controls under partitioned environmental regulationde_CH
dc.typeBeitrag in wissenschaftlicher Zeitschriftde_CH
dcterms.typeTextde_CH
zhaw.departementSchool of Management and Lawde_CH
dc.identifier.doi10.1016/j.jpubeco.2016.11.018de_CH
zhaw.funding.euNode_CH
zhaw.issue145de_CH
zhaw.originated.zhawNode_CH
zhaw.pages.end242de_CH
zhaw.pages.start226de_CH
zhaw.publication.statuspublishedVersionde_CH
zhaw.volume2017de_CH
zhaw.publication.reviewPeer review (Publikation)de_CH
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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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