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,...

पूर्ण विवरण

ग्रंथसूची विवरण
मुख्य लेखक: Montero, Juan-Pablo
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
ऑनलाइन पहुंच:http://hdl.handle.net/1721.1/44985

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