Rights‐Based Management and Alaska Pollock Processors' Supply
In: American Journal of Agricultural Economics, Band 90, Heft 3, S. 579-592
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In: American Journal of Agricultural Economics, Band 90, Heft 3, S. 579-592
SSRN
In: Environmental and resource economics, Band 87, Heft 1, S. 287-320
ISSN: 1573-1502
In: Environmental and resource economics, Band 47, Heft 2, S. 275-297
ISSN: 1573-1502
In: Energy economics, Band 102, S. 105454
ISSN: 1873-6181
In: NBER Working Paper No. w31902
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In: NBER Working Paper No. w17878
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In: Resources for the Future Discussion Paper No. 12-54
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Working paper
In: Climate policy, Band 17, Heft 8, S. 1046-1056
ISSN: 1752-7457
In: CESifo Working Paper Series No. 4367
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In: Energy economics, Band 136, S. 107720
ISSN: 1873-6181
In: CESifo Working Paper Series No. 4160
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In: Resources for the Future DP 10-01-REV
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Working paper
In January 2014 the European Commission proposed the introduction of a Market Stability Reserve (MSR) to improve the functioning of the European Union Emissions Trading System (EU ETS). According to the European Commission, the MSR is designed to adjust the EU ETS to supply-demand imbalances and protect the system from unexpected and sudden demand shocks and by doing so, ensure an efficient abatement pathway for the long-term decarbonisation of the European economy (European Commission, 2014). We explore what market and regulatory failures could inhibit the functioning of the EU ETS and result in deviations from the efficient abatement pathway. Different research teams explore the implications of potential market and regulatory failures and/or inefficient responses to incomplete or complex information. Simulation models show that each of these factors can result in deviations from the efficient abatement pathway, and that an MSR can restore some of the lost efficiency. In considering MSR designs, an Early Start MSR (2017) with the back-loaded allowances placed directly into the reserve is shown to improve the performance compared to an MSR implemented in 2021. Laboratory experiments with human subjects show the importance of the quantity trigger levels and point to the importance of review provisions for adjustments in the early 2020ss to ensure private banking requirementscan be met.
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