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...

সম্পূর্ণ বিবরণ

গ্রন্থ-পঞ্জীর বিবরন
প্রধান লেখক: Montero, Juan-Pablo, Ellerman, A. Denny
অন্যান্য লেখক: Massachusetts Institute of Technology. Center for Energy and Environmental Policy Research.
বিন্যাস: Working Paper
প্রকাশিত: MIT Center for Energy and Environmental Policy Research 2009
অনলাইন ব্যবহার করুন:http://hdl.handle.net/1721.1/45085