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- Hintermann, Beat
- Environmental and resource economics 2017 v.66 no.1 pp. 89-112
- European Union; electricity; emissions; market power; markets; prices
- ... A well-known result about market power in emission permit markets is that efficiency can be achieved by full free allocation to the dominant firm. I show that this result breaks down when taking the interaction between input and output markets into account, even if the dominant firm perceives market power in the permit market alone. I then examine the empirical evidence for price manipulation by t ...
- Lange, Andreas; Ziegler, Andreas
- Environmental and resource economics 2017 v.66 no.1 pp. 113-133
- climate change; data collection; emissions; empirical research; pollution; public services and goods; travel; Germany; United States
- ... This paper studies the voluntary provision of public goods that is partially driven by a desire to offset for individual polluting activities. We first extend existing theory and show that offsets allow a reduction in effective environmental pollution levels while not necessarily extending the consumption of a polluting good. We further discuss the impact of an increased environmental preference o ...