Browsing Working Papers by Author "Grüll, Georg"
Now showing items 1-2 of 2
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Cap-and-Trade Properties under Different Scheme Designs
(MIT Center for Energy and Environmental Policy Research, 2009-11)This paper examines the key design mechanisms of existing and proposed cap-and-trade markets. First, it is shown that the hybrid systems under investigation (safety-valve with offsets, price floor using a subsidy, price ... -
A Comparison of Reduced-Form Permit Price Models and their Empirical Performances
(MIT Center for Energy and Environmental Policy Research, 2009-09)Equilibrium models have been proposed in literature with the aim of describing the evolution of the price of emission permits. This paper derives _rst estimation methods for the calibration of three competing equilibrium ...
