Grandfathering and the Endowment Effect An Assessment in the context of the Spanish National Allocation Plan
In this paper, we test the Coase theorem in the context of carbon emissions trading. We investigate whether generating firms were influenced in their operational decisions by the initial amount of grandfathered emissions in the trial period of the European Union Emission Trading Scheme (EU-ETS). The...
| Main Authors: | , |
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| Format: | Working Paper |
| Published: |
2009
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| Online Access: | http://hdl.handle.net/1721.1/45662 |