Record Details
Tradable permits and unrealized gains from trade
ScholarsArchive at Oregon State University
| Field | Value |
|---|---|
| Title | Tradable permits and unrealized gains from trade |
| Names |
Färe, Rolf
(creator) Grosskopf, Shawna (creator) Pasurka, Carl A., Jr. (creator) |
| Date Issued | 2013-11 (iso8601) |
| Note | To the best of our knowledge, one or more authors of this paper were federal employees when contributing to this work. This is the publisher’s final pdf. The published article is copyrighted by Elsevier and can be found at: http://www.journals.elsevier.com/energy-economics/. |
| Abstract | With the advent of tradable permit programs for bad outputs (e.g., SO₂ emissions); concerns arose over whether the theoretical gains from trade would be realized. We will employ a methodology that calculates the potential gains accruing to coal-fired electric power plants from implementing a tradable permit program. The magnitude of the potential gains in a plant's kilowatt hour output from a tradable permit program relative to its observed production provides insights into the existence of intertemporal allocative inefficiencies and spatial allocative inefficiencies after the implementation of a tradable permit program. |
| Genre | Article |
| Topic | Tradable permits |
| Identifier | Färe, R., Grosskopf, S., & Pasurka Jr, C. A. (2013). Tradable permits and unrealized gains from trade. Energy Economics, 40, 416-424. doi:10.1016/j.eneco.2013.07.015 |
