Comercio de derechos de emisión, adopcion de tecnología y heterogeneidad des industrias: un enfoque experimental.

Camacho Cuena, Eva, Requate, Till, Waichman, Israel and Zofío, José Luis (2009) Comercio de derechos de emisión, adopcion de tecnología y heterogeneidad des industrias: un enfoque experimental. Cuadernos Económicos, 77 . pp. 69-94. DOI 10.32796/cice.2009.77.5956.

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Abstract

The economic and environmental gains expected from particular environmental policies based on allowances trading programs depend on how they are specifically implemented in the field. In this paper we focus on a tradable permit program based on a double auction market combined with an industry structure that presents heterogeneity in conventional abatement cost functions across firms, and allows for the possibility of adopting a new low emissions technology. Our results show that there is a direct relationship between the technological heterogeneity within an industry and the efficiency of firms behavior when investing in cleaner technologies and the efficiency of the market when reaping the potential benefits from trade by way of permits reallocation.

Document Type: Article
Keywords: environmental policy, abatement technology, emission permits, firm heterogeneity, experiment
Research affiliation: OceanRep > The Future Ocean - Cluster of Excellence > FO-R05
Kiel University
Kiel University > Kiel Marine Science
OceanRep > The Future Ocean - Cluster of Excellence
Refereed: Yes
Open Access Journal?: No
DOI etc.: 10.32796/cice.2009.77.5956
ISSN: 0210-2633
Projects: Future Ocean
Date Deposited: 01 Mar 2018 13:36
Last Modified: 23 Sep 2019 23:40
URI: http://oceanrep.geomar.de/id/eprint/42087

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