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EU ETS allocation rules : an experimental examination of the Ausubel auction

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dc.contributor.authorBotelho, Anabela
dc.contributor.authorFernandes, Maria Eduarda
dc.contributor.authorPinto, Lígia
dc.date.accessioned2017-11-09T16:39:36Z
dc.date.available2017-11-09T16:39:36Z
dc.date.issued2016
dc.description.abstractThe European Union (EU), Emissions Trading System (ETS) is a major tool of the European Union’s policy aimed at mitigating global climate change. Since its introduction in 2005, the system has undergone several changes whereby auctions, rather than cost-free allocation, have been given an increasing role as a means of allocating emission permits. These auctions are currently run as sealed-bid, uniform-price auctions which induce demand reduction in multi-unit environments such as the EU ETS. This auction format may therefore contribute to the growing surplus of permits observed in the EU ETS. In this Chapter, we examine the performance of the theoretically appropriate Ausubel auction format under structural characteristics mimicking those in place in the EU ETS. The results provide evidence supporting the desirable properties of the Ausubel auction, but also indicate that it may lead to inequitable outcomes. In view of this, it is worthwhile to study not only how alternative auction formats could provide a sustainable solution to the surplus of permits, but also how they relate to the problem of carbon leakage resulting from regional carbon trading schemes.pt_PT
dc.description.versioninfo:eu-repo/semantics/publishedVersionpt_PT
dc.identifier.citationBotelho, A.; Fernandes, E. & Pinto, L. M. C. (2016). “EU ETS Allocation Rules: An Experimental Examination of the Ausubel Auction” in The WSPC Reference on Natural Resources and Environmental Policy in the Era of Global Change. Editor-in-chief: Ariel Dinar (UC Riverside), Vol. 4, Experimental Economics, Chapter 8 (p.179-204). World Scientific Publishing. ISBN 9814713732pt_PT
dc.identifier.isbn9814713732
dc.identifier.isbn9789814713733
dc.identifier.urihttp://hdl.handle.net/10400.8/2774
dc.language.isoengpt_PT
dc.peerreviewedyespt_PT
dc.publisherWorld Scientific Publishingpt_PT
dc.titleEU ETS allocation rules : an experimental examination of the Ausubel auctionpt_PT
dc.typebook part
dspace.entity.typePublication
oaire.citation.endPage204pt_PT
oaire.citation.startPage179pt_PT
person.familyNameFernandes
person.familyNamePinto
person.givenNameMaria Eduarda
person.givenNameLígia
person.identifier1868974
person.identifier.ciencia-idAC13-ED97-A1C0
person.identifier.ciencia-idF812-8417-BC8C
person.identifier.orcid0000-0001-6584-0412
person.identifier.orcid0000-0001-7089-2663
person.identifier.scopus-author-id57191744568
person.identifier.scopus-author-id8654280400
rcaap.rightsclosedAccesspt_PT
rcaap.typebookPartpt_PT
relation.isAuthorOfPublication4db6bf33-8fbf-43c5-b14c-75a606ad8783
relation.isAuthorOfPublicationa4123051-a000-4083-b094-a46f7d409c06
relation.isAuthorOfPublication.latestForDiscoverya4123051-a000-4083-b094-a46f7d409c06

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