The economics of pollution trading and pricing under regulatory uncertainty (English)

In this paper, authors explore the effects of uncertainty on pricing of pollution permits, through the use of a dynamic model of pollution markets. Authors consider two major sources of uncertainty - that arising from the volatility of demand for the underlying resource and that coming from the regulatory environment. Both sources of uncertainty are common in pollution permit trading as not only does the market respond to the volatility of fundamentals...

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Author

Knudsen,Odin K.;

Scandizzo,Pasquale L.;
Document Date
2011/06/09
Document Type
Working Paper
Report Number
62488
Volume No
1
Total Volume(s)
1
Country
Morocco,
Region
Middle East and North Africa,
Disclosure Date
2011/06/13
Disclosure Status
Disclosed
Doc Name
The economics of pollution trading and pricing under regulatory uncertainty
Keywords
emission per unit of output

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Citation

Knudsen,Odin K.; Scandizzo,Pasquale L..

The economics of pollution trading and pricing under regulatory uncertainty (English). Washington, DC: World Bank. http://documents.worldbank.org/curated/en/234491468061732523

The economics of pollution trading and pricing under regulatory uncertainty (English)

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