On the Endogeneity of Market Power in Emissions Markets
Previous approaches on market power in emissions trading markets rely on the existence of a subset of competitive players. In this paper, I relax this assumption and treat market power as an endogenous concept which depends on the initial allocation of allowances. All parties realize their potential...
|Journal Title:||Environmental and Resource Economics|
|Authors and Corporations:|
|In:||Environmental and Resource Economics, 52, 2012, 4, p. 573-583|
|Type of Resource:||E-Article|