Optimal design of a phase-in emissions trading program with voluntary compliance options

In this paper we explore the welfare implications of voluntary compliance within an emissions trading program and derive optimal permits allocations to affected and opti-in sources when the environmental regulator has incomplete information on individual unrestricted emissions and control costs. The...

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Bibliographic Details
Main Author: Montero, Juan Pablo
Other Authors: Massachusetts Institute of Technology. Center for Energy and Environmental Policy Research.
Format: Working Paper
Published: MIT Center for Energy and Environmental Policy Research 2009
Online Access:http://hdl.handle.net/1721.1/45073