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Climate Change and Game Theory AgEcon
Wood, Peter John.
This survey paper examines the problem of achieving global cooperation to reduce greenhouse gas emissions. Contributions to this problem are reviewed from non-cooperative game theory, cooperative game theory, and implementation theory. Solutions to games where players have a continuous choice about how much to pollute, games where players make decisions about treaty participation, and games where players make decisions about treaty ratification, are examined. The implications of linking cooperation on climate change with cooperation on other issues, such as trade, is examined. Cooperative and non-cooperative approaches to coalition formation are investigated in order to examine the behaviour of coalitions cooperating on climate change. One way to achieve...
Tipo: Journal Article Palavras-chave: Climate change negotiations; Game theory; Implementation theory; Coalition formation; Subgame perfect equilibrium; Environmental Economics and Policy.
Ano: 2010 URL: http://purl.umn.edu/95061
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Price Floors for Emissions Trading AgEcon
Wood, Peter John; Jotzo, Frank.
Price floors in greenhouse gas emissions trading schemes can have advantages for technological innovation, price volatility, and management of cost uncertainty, but implementation has potential pitfalls. We argue that the best mechanism for implementing a price floor is to have firms pay an extra fee or tax. This has budgetary advantages and is more compatible with international permit trading than alternative approaches that dominate the academic and policy debate. The fee approach can also be used to implement more general hybrid approaches to emissions pricing.
Tipo: Working or Discussion Paper Palavras-chave: Price Floor; Price Ceiling; Carbon Tax; Emissions Trading; Carbon Pricing; Price and Quantity Controls; Waxman-Markey Bill; Environmental Economics and Policy; Q58.
Ano: 2009 URL: http://purl.umn.edu/56211
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Price Floors for Emissions Trading AgEcon
Wood, Peter John; Jotzo, Frank.
Price floors in greenhouse gas emissions trading schemes can have advantages for technological innovation, price volatility, and management of cost uncertainty. Implementing the schemes, however, has pitfalls. This research report argues that requiring firms to pay an extra fee or tax is the best way to put a price floor in place. As well as providing budgetary advantages, the fee approach is more compatible with international permit trading than the alternative approaches currently dominating academic and policy debate. The fee approach can also be used for other emissions pricing schemes.
Tipo: Report Palavras-chave: Price floor; Price ceiling; Carbon tax; Emissions trading; Carbon pricing; Price and quality controls; Waxman-Markey Bill; Environmental Economics and Policy; Resource /Energy Economics and Policy.
Ano: 2009 URL: http://purl.umn.edu/94885
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