The use of price instruments is often advocated by economists, based on their ability to bring about marginal abatement cost equalisation, and hence to achieve targets at least cost. We use the EU ETS as a case study and test this theoretical prediction. We parametrically estimate separate hyperbolic and enhanced hyperbolic distance functions for various industries of the German manufacturing sector and are therefore able to compute the shadow value of CO2 emissions. We are the first to provide firm-level estimates of the marginal cost of CO2 emissions using confidential administrative data for German manufacturing firms between 2005 and 2014. This allows for an unprecedented insight into the cost of the EU flagship climate policy for manuf...
Significance International carbon markets are an appealing and increasingly popular tool to regulate...
Trading schemes for emission allowances have become a panacea for nations aspiring to reduce their a...
This paper investigates the joint impact of the European Union Emissions Trading System (EU ETS), Eu...
A persistent concern in the literature on climate policy is that the emissions abatement, which is a...
Emissions trading markets have been touted as the most efficient mechanism to achieve environmental ...
As many countries, regions, cities, and states implement emissions trading policies to limit CO2 emi...
Energy markets and energy-intensive industries in all EU member states – especially in Germany – are...
The European Union's Emissions Trading Scheme (ETS) is the key policy instrument of the European Com...
From 1 January 2005 onwards the European Union has launched the first largescale international carbo...
I study the causal effect of the European Union Emissions Trading System (EU ETS) on the productivit...
As an instrument to combat climate change many governments are mobilising the efficiencies created b...
When regulated firms are offered compensation to prevent them from relocating, efficiency requires t...
When regulated firms are offered compensation to prevent them from relocating, efficiency requires ...
In this paper, transaction costs in the EU emissions trading scheme (EU ETS) are examined empirical...
We develop an equilibrium model of emissions permit trading in the presence of fixed and proportiona...
Significance International carbon markets are an appealing and increasingly popular tool to regulate...
Trading schemes for emission allowances have become a panacea for nations aspiring to reduce their a...
This paper investigates the joint impact of the European Union Emissions Trading System (EU ETS), Eu...
A persistent concern in the literature on climate policy is that the emissions abatement, which is a...
Emissions trading markets have been touted as the most efficient mechanism to achieve environmental ...
As many countries, regions, cities, and states implement emissions trading policies to limit CO2 emi...
Energy markets and energy-intensive industries in all EU member states – especially in Germany – are...
The European Union's Emissions Trading Scheme (ETS) is the key policy instrument of the European Com...
From 1 January 2005 onwards the European Union has launched the first largescale international carbo...
I study the causal effect of the European Union Emissions Trading System (EU ETS) on the productivit...
As an instrument to combat climate change many governments are mobilising the efficiencies created b...
When regulated firms are offered compensation to prevent them from relocating, efficiency requires t...
When regulated firms are offered compensation to prevent them from relocating, efficiency requires ...
In this paper, transaction costs in the EU emissions trading scheme (EU ETS) are examined empirical...
We develop an equilibrium model of emissions permit trading in the presence of fixed and proportiona...
Significance International carbon markets are an appealing and increasingly popular tool to regulate...
Trading schemes for emission allowances have become a panacea for nations aspiring to reduce their a...
This paper investigates the joint impact of the European Union Emissions Trading System (EU ETS), Eu...