Analysis of the Effect of the Initial Emission Permits Allocation on Market Power

摘要：

This paper offers an analytical model of emission permit markets in which a large number of regulated emitter participate, and derives formulae that shows the entire dependence of the emergence of market power on the permit initial distribution as well as the existence of a threshold for effective market power. Furthermore, the model we derived yields formulae that estimate how much permit prices in such distorted markets depart from competitive levels. These findings not only show the significance of initial emission permits but also are available for emission trading.

关键词： effect initial distribution market power tradableemission permits threshold

作者: Zhao Wen-hui Gao Yan Dai Tian-sheng

作者单位: School of Management Humanity Shanghai University of Electric Power Shanghai, China School of Management University of Shanghai for Science and Technology, Shanghai, China

会议类型: 国际会议

会议名称: 第三届IEEE无线通讯、网络技术暨移动计算国际会议

会议地点: 上海

会议语种:英文

在线出版日期: 2007-09-21（万方平台首次上网日期，不代表论文的发表时间）