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Emission trade markets: an experimental approach on grandfathering as first-allocation mechanism
dc.contributor | Camacho Cuena, Eva | |
dc.contributor | Universitat Jaume I. Departament d'Economia | |
dc.contributor.author | Ferrer Lázaro, Daniel | |
dc.date.accessioned | 2016-09-09T11:07:28Z | |
dc.date.available | 2016-09-09T11:07:28Z | |
dc.date.issued | 2016-07-18 | |
dc.identifier.uri | http://hdl.handle.net/10234/162350 | |
dc.description | Treball Final de Grau en Economia. Codi: EC1049. Curs acadèmic 2015-2016 | ca_CA |
dc.description.abstract | The main focus of this report is to present the results of an experimental analysis on the grandfathering as initial allocation scheme under emission trading. The experimental design of this report takes into account an industry composed by only one firm and another one with three firms, both with exogenous firms’ real emissions. The main results confirm that this mechanism does not achieve to allocate the permits that each firm really needs, i.e. there exists over-reporting independently of the industry composition. We also find that, although firms’ reported emissions tend to converge to the Nash equilibrium, the existence of competition hinders it and provokes a non-convergence. | ca_CA |
dc.format.extent | 41 p. | ca_CA |
dc.format.mimetype | application/pdf | ca_CA |
dc.language.iso | eng | ca_CA |
dc.publisher | Universitat Jaume I | ca_CA |
dc.rights.uri | http://rightsstatements.org/vocab/CNE/1.0/ | * |
dc.subject | Grau en Economia | ca_CA |
dc.subject | Grado en Economía | ca_CA |
dc.subject | Bachelor's Degree in Economics | ca_CA |
dc.subject | Emission trade markets | ca_CA |
dc.subject | Grandfathering | ca_CA |
dc.subject | Experimental | ca_CA |
dc.subject | Environmental | ca_CA |
dc.subject | Efficiency | ca_CA |
dc.subject | Allowances | ca_CA |
dc.subject | Nash equilibrium | ca_CA |
dc.subject | Emissions | ca_CA |
dc.title | Emission trade markets: an experimental approach on grandfathering as first-allocation mechanism | ca_CA |
dc.type | info:eu-repo/semantics/bachelorThesis | ca_CA |
dc.educationLevel | Estudios de Grado | ca_CA |
dc.rights.accessRights | info:eu-repo/semantics/restrictedAccess | ca_CA |
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Grau en Economia [289]
EC1049