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Exclusion par manipulation des marchés de permis d'émission

Sonia Schwartz

Recherches économiques de Louvain, 2007, vol. 73, issue 1, 95-119

Abstract: This article examines the exclusionary manipulation effects of a pollution permit market. The exclusion value of a pollution permit and the overbuying strategy are determined. Then, the consequences of the exclusionary manipulation on the permit price are given. We give some economic policy advises as far as initial allocations are concerned.

Date: 2007
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Working Paper: Exclusion par manipulation des marchés de permis d’émission (2007) Downloads
Working Paper: Exclusion par manipulation des marchés des permis d’emission (2005) Downloads
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