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The Economics of Pollution Trading and Pricing under Regulatory Uncertainty

In this paper, authors explore the effects of uncertainty on pricing of pollution permits, through the use of a dynamic model of pollution markets. Authors consider two major sources of uncertainty - that arising from the volatility of demand for t...

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Bibliographic Details
Main Authors: Knudsen, Odin K., Scandizzo, Pasquale L.
Language:English
en_US
Published: World Bank, Washington, DC 2017
Subjects:
ACCOUNTING
ADMINISTERED PRICE
ASSET VALUE
BID
CALL OPTION
CARBON EMISSION
CARBON TRADING
COMPETITIVE ADVANTAGE
CONTINGENT LIABILITY
DERIVATIVE
EMISSIONS TRADING
ENERGY PRICES
ENFORCEMENT MECHANISMS
ENVIRONMENTAL BENEFIT
EQUILIBRIUM PRICE
EXPECTED PRESENT VALUE
EXPENDITURE
HOLDING
INDUSTRIAL SECTOR
INSTRUMENT
INTEREST RATE
JUDICIAL SYSTEM
LAW ENFORCEMENT
MARGINAL COSTS
MARKET BEHAVIOR
MARKET DEMAND
MARKET EQUILIBRIUM
MARKET INSTRUMENTS
MARKET PRICE
MARKET SHARE
NATURAL RESOURCE
OPPORTUNITY COSTS
OUTPUT
POLLUTER
POLLUTION
POTENTIAL DEMAND
POWER UTILITIES
PROFIT MAXIMIZING
PUBLIC POLICY
REGULATOR
REGULATORY ENVIRONMENT
REGULATORY REGIME
SINGLE MARKET
SPREAD
TAX
TAX RATE
TRADING SYSTEM
TRANSACTION
TRANSACTION COSTS
UNDERLYING ASSET
VOLATILITY
Online Access:http://documents.worldbank.org/curated/en/234491468061732523/The-economics-of-pollution-trading-and-pricing-under-regulatory-uncertainty
http://hdl.handle.net/10986/27359

Internet

http://documents.worldbank.org/curated/en/234491468061732523/The-economics-of-pollution-trading-and-pricing-under-regulatory-uncertainty
http://hdl.handle.net/10986/27359

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