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  2. School of Management and Law
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  4. Publikationen School of Management and Law
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dc.contributor.authorAbrell, Jan-
dc.contributor.authorCludius, Johanna-
dc.contributor.authorLehmann, Sascha-
dc.contributor.authorSchleich, Joachim-
dc.contributor.authorBetz, Regina-
dc.date.accessioned2021-10-08T15:30:05Z-
dc.date.available2021-10-08T15:30:05Z-
dc.date.issued2021-08-23-
dc.identifier.issn0924-6460de_CH
dc.identifier.issn1573-1502de_CH
dc.identifier.urihttps://digitalcollection.zhaw.ch/handle/11475/23286-
dc.description.abstractThis study analyses factors related to allowance-trading behaviour for the first ten years of the existence of the European Union Emissions Trading System (EU ETS). Our empirical analysis employs a dataset that combines information on trading activities for more than 6000 companies with company characteristics. Indicators of trading activity include the volume and the number of transactions as well as the usage of intermediaries and of derivatives markets. For 2005–2014 and for the individual trading periods, we find that trading behaviour is related to the size of a company, its net position (the difference between free allocations and verified emissions), its sector affiliation, productivity, and location. We also find evidence that trading-related transaction costs affect trading activity in the EU ETS in all trading periods. Our results further suggest that net buyers (companies whose verified emissions exceed free allocations in a given year) are more likely to participate in emissions trading and to trade at higher volumes than net sellers are. We explain this asymmetry in behaviour—which might lead to a violation of Coase’s independence property—by potential asymmetries in the actual or perceived opportunity costs of holding allowances between net sellers and net buyers.de_CH
dc.language.isoende_CH
dc.publisherSpringerde_CH
dc.relation.ispartofEnvironmental and Resource Economicsde_CH
dc.rightsLicence according to publishing contractde_CH
dc.subjectClimate policyde_CH
dc.subjectEU ETSde_CH
dc.subjectEmissions Tradingde_CH
dc.subjectTransaction costde_CH
dc.subject.ddc333.7: Landflächen, Naturerholungsgebietede_CH
dc.titleCorporate emissions-trading behaviour during the first decade of the EU ETSde_CH
dc.typeBeitrag in wissenschaftlicher Zeitschriftde_CH
dcterms.typeTextde_CH
zhaw.departementSchool of Management and Lawde_CH
zhaw.organisationalunitZentrum für Energie und Umwelt (CEE)de_CH
dc.identifier.doi10.1007/s10640-021-00593-7de_CH
zhaw.funding.euNode_CH
zhaw.originated.zhawYesde_CH
zhaw.pages.end37de_CH
zhaw.pages.start1de_CH
zhaw.publication.statuspublishedVersionde_CH
zhaw.publication.reviewPeer review (Publikation)de_CH
zhaw.webfeedW: Spitzenpublikationde_CH
zhaw.author.additionalNode_CH
zhaw.display.portraitYesde_CH
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Abrell, J., Cludius, J., Lehmann, S., Schleich, J., & Betz, R. (2021). Corporate emissions-trading behaviour during the first decade of the EU ETS. Environmental and Resource Economics, 1–37. https://doi.org/10.1007/s10640-021-00593-7
Abrell, J. et al. (2021) ‘Corporate emissions-trading behaviour during the first decade of the EU ETS’, Environmental and Resource Economics, pp. 1–37. Available at: https://doi.org/10.1007/s10640-021-00593-7.
J. Abrell, J. Cludius, S. Lehmann, J. Schleich, and R. Betz, “Corporate emissions-trading behaviour during the first decade of the EU ETS,” Environmental and Resource Economics, pp. 1–37, Aug. 2021, doi: 10.1007/s10640-021-00593-7.
ABRELL, Jan, Johanna CLUDIUS, Sascha LEHMANN, Joachim SCHLEICH und Regina BETZ, 2021. Corporate emissions-trading behaviour during the first decade of the EU ETS. Environmental and Resource Economics. 23 August 2021. S. 1–37. DOI 10.1007/s10640-021-00593-7
Abrell, Jan, Johanna Cludius, Sascha Lehmann, Joachim Schleich, and Regina Betz. 2021. “Corporate Emissions-Trading Behaviour during the First Decade of the EU ETS.” Environmental and Resource Economics, August, 1–37. https://doi.org/10.1007/s10640-021-00593-7.
Abrell, Jan, et al. “Corporate Emissions-Trading Behaviour during the First Decade of the EU ETS.” Environmental and Resource Economics, Aug. 2021, pp. 1–37, https://doi.org/10.1007/s10640-021-00593-7.


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