Allocating the CO2 emissions of an oil refinery with Aumann-Shapley prices: A reply

Axel Pierru

Energy Economics, 2010, vol. 32, issue 3, 746-748

Abstract: In this reply, I oppose and further debate some of the points raised in Mr Tehrani's comment (2010). In addition, I show that, when dealing with short-run linear-programming models with not-adjusted-to-demand capacities, Aumann-Shapley prices can be considered as an attempt to recreate long-run marginal costs.

Keywords: Aumann-Shapley; prices; Linear; programming; CO2; emissions; Oil; refining; Marginal; costs (search for similar items in EconPapers)
Date: 2010
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Citations: View citations in EconPapers (2)

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