Rate of Return Regulation and Emission Permits Trading under Uncertainty
This paper analyzes the dynamic effects of rate-of-return regulation on firms’ emissions compliance behavior when the price of emissions permits is uncertain. The paper shows that uncertainty regarding the price of permits would motivate a regulate...
| Main Authors: | , |
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| Format: | Working Paper |
| Language: | English en_US |
| Published: |
World Bank, Washington, DC
2015
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/2015/06/24714547/rate-return-regulation-emission-permits-trading-under-uncertainty http://hdl.handle.net/10986/22220 |