globalchange  > 气候变化与战略
DOI: 10.1016/j.enpol.2020.112009
论文题名:
Emission tax vs. permit trading under bounded rationality and dynamic markets
作者: Foramitti J.; Savin I.; van den Bergh J.C.J.M.
刊名: Energy Policy
ISSN: 03014215
出版年: 2021
卷: 148
语种: 英语
中文关键词: Abatement ; Agent-based Modeling ; Carbon Tax ; Climate Policy ; Emission trading
英文关键词: Autonomous agents ; Behavioral research ; Commerce ; Computational methods ; Agent-based model ; Bounded rationality ; Evaluation criteria ; Initial allocations ; Market clearing ; Production factors ; Production level ; Technology adoption ; Costs ; abatement cost ; demand analysis ; emissions trading ; energy market ; energy policy ; environmental policy ; pollution tax ; Trachinotus falcatus
英文摘要: A price on emissions can be achieved through an emission tax or permit trading. The advantages and drawbacks of either instrument are debated. We present an agent-based model to compare their performance under bounded rationality and dynamic markets. It describes firms that face uncertainty about future demand and prices; use heuristic rules to decide production levels, trading prices, and technology adoption; and are heterogeneous in terms of production factors, abatement costs, and trading behavior. Using multiple evaluation criteria and a wide range of parameter values, we find that the main difference between the two policies lies in the fact that permit prices fall after successful abatement. This can lead to higher production levels under permit trading, but can also drive emission-efficient firms out of the market. Scarcity rents under permit trading can further create higher profit rates for firms, the extent of which is shown to depend on the mechanisms for market-clearing and initial allocation. © 2020 Elsevier Ltd
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资源类型: 期刊论文
标识符: http://119.78.100.158/handle/2HF3EXSE/167770
Appears in Collections:气候变化与战略

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作者单位: Institute of Environmental Science and Technology, Universitat Autònoma de Barcelona, Spain; Institute for Environmental Studies, Vrije Universiteit Amsterdam, Netherlands; Graduate School of Economics and Management, Ural Federal University, Yekaterinburg, Russian Federation; ICREA, Barcelona, Spain; School of Business and Economics, Vrije Universiteit Amsterdam, Netherlands

Recommended Citation:
Foramitti J.,Savin I.,van den Bergh J.C.J.M.. Emission tax vs. permit trading under bounded rationality and dynamic markets[J]. Energy Policy,2021-01-01,148
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