| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w14258 |
| 来源ID | Working Paper 14258 |
| Balancing Cost and Emissions Certainty: An Allowance Reserve for Cap-and-Trade | |
| Brian C. Murray; Richard G. Newell; William A. Pizer | |
| 发表日期 | 2008-08-21 |
| 出版年 | 2008 |
| 语种 | 英语 |
| 摘要 | On efficiency grounds, the economics community has to date tended to emphasize price-based policies to address climate change -- such as taxes or a "safety-valve" price ceiling for cap-and-trade -- while environmental advocates have sought a more clear quantitative limit on emissions. This paper presents a simple modification to the idea of a safety valve: a quantitative limit that we call the allowance reserve. Importantly, this idea may bridge the gap between competing interests and potentially improve efficiency relative to tax or other price-based policies. The last point highlights the deficiencies in several previous studies of price and quantity controls for climate change that do not adequately capture the dynamic opportunities within a cap-and-trade system for allowance banking, borrowing, and intertemporal arbitrage in response to unfolding information. |
| 主题 | Microeconomics ; Economics of Information ; Industrial Organization ; Regulatory Economics ; Environmental and Resource Economics ; Environment |
| URL | https://www.nber.org/papers/w14258 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/571931 |
| 推荐引用方式 GB/T 7714 | Brian C. Murray,Richard G. Newell,William A. Pizer. Balancing Cost and Emissions Certainty: An Allowance Reserve for Cap-and-Trade. 2008. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w14258.pdf（108KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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