An optimal hybrid emission control system in a multiple compliance period model
DC Field | Value | Language |
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dc.contributor.author | Yu, Jongmin | - |
dc.contributor.author | Mallory, Mindy L. | - |
dc.date.available | 2021-03-17T10:43:26Z | - |
dc.date.created | 2020-07-06 | - |
dc.date.issued | 2015-02 | - |
dc.identifier.issn | 0928-7655 | - |
dc.identifier.uri | https://scholarworks.bwise.kr/hongik/handle/2020.sw.hongik/13672 | - |
dc.description.abstract | We characterize an optimal hybrid policy for pollutant emissions that includes a permit price ceiling and emission cap in a multi-period model. Previous studies have primarily focused on a hybrid policy of emission regulation that included an emission cap and permit price ceiling in a single period model, we extend this literature by developing such an optimal hybrid model in a multi-period framework where banking and borrowing of emission permits is allowed. In our model, we compare the case of a regulator who sets the emission cap and price ceiling to be consistent with a long run emission objective with the case of a regulator who occasionally is motivated to deviate from the optimal long run regulatory policy in order to correct for unexpected but exceptionally high emissions. Using a discrete dynamic programming model with stochastic emissions, we show that the hybrid model gives the regulator a degree of freedom in making an optimal price and quantity choice. (C) 2014 Elsevier B.V. All rights reserved. | - |
dc.language | 영어 | - |
dc.language.iso | en | - |
dc.publisher | ELSEVIER SCIENCE BV | - |
dc.subject | TRADE PROGRAMS | - |
dc.subject | PRICE CONTROLS | - |
dc.subject | CLIMATE-CHANGE | - |
dc.subject | MARKET DESIGN | - |
dc.subject | SAFETY VALVE | - |
dc.subject | UNCERTAINTY | - |
dc.subject | POLICY | - |
dc.subject | CAP | - |
dc.subject | POLLUTION | - |
dc.subject | CHOICE | - |
dc.title | An optimal hybrid emission control system in a multiple compliance period model | - |
dc.type | Article | - |
dc.contributor.affiliatedAuthor | Yu, Jongmin | - |
dc.identifier.doi | 10.1016/j.reseneeco.2014.11.003 | - |
dc.identifier.scopusid | 2-s2.0-84919911804 | - |
dc.identifier.wosid | 000349735400002 | - |
dc.identifier.bibliographicCitation | RESOURCE AND ENERGY ECONOMICS, v.39, pp.16 - 28 | - |
dc.relation.isPartOf | RESOURCE AND ENERGY ECONOMICS | - |
dc.citation.title | RESOURCE AND ENERGY ECONOMICS | - |
dc.citation.volume | 39 | - |
dc.citation.startPage | 16 | - |
dc.citation.endPage | 28 | - |
dc.type.rims | ART | - |
dc.type.docType | Article | - |
dc.description.journalClass | 1 | - |
dc.description.journalRegisteredClass | ssci | - |
dc.description.journalRegisteredClass | scopus | - |
dc.relation.journalResearchArea | Business & Economics | - |
dc.relation.journalResearchArea | Energy & Fuels | - |
dc.relation.journalResearchArea | Environmental Sciences & Ecology | - |
dc.relation.journalWebOfScienceCategory | Economics | - |
dc.relation.journalWebOfScienceCategory | Energy & Fuels | - |
dc.relation.journalWebOfScienceCategory | Environmental Sciences | - |
dc.relation.journalWebOfScienceCategory | Environmental Studies | - |
dc.subject.keywordPlus | TRADE PROGRAMS | - |
dc.subject.keywordPlus | PRICE CONTROLS | - |
dc.subject.keywordPlus | CLIMATE-CHANGE | - |
dc.subject.keywordPlus | MARKET DESIGN | - |
dc.subject.keywordPlus | SAFETY VALVE | - |
dc.subject.keywordPlus | UNCERTAINTY | - |
dc.subject.keywordPlus | POLICY | - |
dc.subject.keywordPlus | CAP | - |
dc.subject.keywordPlus | POLLUTION | - |
dc.subject.keywordPlus | CHOICE | - |
dc.subject.keywordAuthor | Cap and trade | - |
dc.subject.keywordAuthor | Climate change | - |
dc.subject.keywordAuthor | Emissions tax | - |
dc.subject.keywordAuthor | Hybrid emission control | - |
dc.subject.keywordAuthor | Safety valve | - |
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