| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w20999 |
| 来源ID | Working Paper 20999 |
| Expecting the Unexpected: Emissions Uncertainty and Environmental Market Design | |
| Severin Borenstein; James Bushnell; Frank A. Wolak; Matthew Zaragoza-Watkins | |
| 发表日期 | 2015-03-09 |
| 出版年 | 2015 |
| 语种 | 英语 |
| 摘要 | We study potential equilibria in California's cap-and-trade market for greenhouse gases (GHGs) based on information available before the market started. We find large ex ante uncertainty in business-as-usual emissions and in the abatement that might result from non-market policies, much larger than the reduction that could plausibly occur in response to an allowance price within a politically acceptable range. This implies that the market price is very likely to be determined by an administrative price floor or ceiling. Similar factors seem likely to be present in other cap-and-trade markets for GHGs. |
| 主题 | Environmental and Resource Economics ; Environment |
| URL | https://www.nber.org/papers/w20999 |
| 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/578673 |
| 推荐引用方式 GB/T 7714 | Severin Borenstein,James Bushnell,Frank A. Wolak,et al. Expecting the Unexpected: Emissions Uncertainty and Environmental Market Design. 2015. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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