Testing the efficiency of a tradeable permits market
A tradeable permits market is said to be efficient when all affected firms trade permits until their marginal costs equal the market price. Detailed firm-level data are generally required to perform such an efficiency test, yet such information is rarely available. If firms face a declining target,...
मुख्य लेखक: | Montero, Juan-Pablo |
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अन्य लेखक: | Massachusetts Institute of Technology. Center for Energy and Environmental Policy Research. |
स्वरूप: | Working Paper |
प्रकाशित: |
MIT Center for Energy and Environmental Policy Research
2009
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ऑनलाइन पहुंच: | http://hdl.handle.net/1721.1/44985 |
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