| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w22255 |
| 来源ID | Working Paper 22255 |
| Using a Free Permit Rule to Forecast the Marginal Abatement Cost of Proposed Climate Policy | |
| Kyle C. Meng | |
| 发表日期 | 2016-05-16 |
| 出版年 | 2016 |
| 语种 | 英语 |
| 摘要 | This paper develops a method for forecasting the marginal abatement cost (MAC) of climate policy using three features of the failed Waxman-Markey bill. First, the MAC is revealed by the price of traded permits. Second, the permit price is estimated using a regression discontinuity design (RDD) comparing stock returns of firms on either side of the policy’s free permit cutoff rule. Third, because Waxman-Markey was never implemented, I extend the RDD approach to incorporate prediction market prices which normalize estimates by policy realization probabilities. A final bounding analysis recovers a MAC range of $5 to $19 per ton CO2e. |
| 主题 | Financial Economics ; Financial Markets ; Environmental and Resource Economics ; Environment |
| URL | https://www.nber.org/papers/w22255 |
| 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/579926 |
| 推荐引用方式 GB/T 7714 | Kyle C. Meng. Using a Free Permit Rule to Forecast the Marginal Abatement Cost of Proposed Climate Policy. 2016. |
| 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 | ||
| w22255.pdf（1114KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
| 个性服务 |
| 推荐该条目 |
| 保存到收藏夹 |
| 导出为Endnote文件 |
| 谷歌学术 |
| 谷歌学术中相似的文章 |
| [Kyle C. Meng]的文章 |
| 百度学术 |
| 百度学术中相似的文章 |
| [Kyle C. Meng]的文章 |
| 必应学术 |
| 必应学术中相似的文章 |
| [Kyle C. Meng]的文章 |
| 相关权益政策 |
| 暂无数据 |
| 收藏/分享 |
除非特别说明，本系统中所有内容都受版权保护，并保留所有权利。
