Explaining low sulfur dioxide allowance prices : the effect of expectation errors and irreversibility
The low price of allowances has been a frequently noted featured of the implementation of the sulfur dioxide emissions market of the U.S. Acid Rain Program. This paper presents theoretical and numerical analyses that explain the gap between expected and observed allowance prices. The main contributi...
| প্রধান লেখক: | , |
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| অন্যান্য লেখক: | |
| বিন্যাস: | Working Paper |
| প্রকাশিত: |
MIT Center for Energy and Environmental Policy Research
2009
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| অনলাইন ব্যবহার করুন: | http://hdl.handle.net/1721.1/45085 |