| Cramton and Kerr, University of Maryland, 1998, Tradable Carbon Allowance Auctions: How and Why to Auction. |
....29 Implementing policies to limit greenhouse gas emissions prior to 2008 may also reduce costs relative to those faced by competitors in an Annex B country that does not adopt such policies. The uncertainty created by the failure to adopt a policy, leads firms to defer investment decisions. 30 Cramton and Kerr, 1998, Tradable Carbon Allowance Auctions: How and Why to Auction. 31 In a price discriminating auction potential buyers submit sealed bids for a specified quantity at a specified price. The bids are ranked in descending order by price and sales occur until the available quantity has been sold. ....
Cramton and Kerr, University of Maryland, 1998, Tradable Carbon Allowance Auctions: How and Why to Auction.
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