A simple analysis of the US emission permits auctions

Kline, J. Jude and Menezes, Flavio M. (1999) A simple analysis of the US emission permits auctions. Economics Letters, 65 2: 183-189. doi:10.1016/S0165-1765(99)00128-7

Author Kline, J. Jude
Menezes, Flavio M.
Title A simple analysis of the US emission permits auctions
Journal name Economics Letters   Check publisher's open access policy
ISSN 0165-1765
Publication date 1999-11
Sub-type Article (original research)
DOI 10.1016/S0165-1765(99)00128-7
Volume 65
Issue 2
Start page 183
End page 189
Total pages 7
Place of publication Amsterdam, The Netherlands
Publisher North-Holland/Elsevier
Language eng
Abstract We examine a stylized version of EPA auctions when agents know the list of values of sellers and buyers. There are inefficient equilibria where no goods are traded and efficient equilibria where all exchange occurs at a uniform price. We also provide examples under incomplete information when the uniform price equilibrium holds and when it does not hold. (C) 1999 Elsevier Science S.A. All rights reserved. JEL classification: D44; Q29.
Keyword Economics
Emission Permits Auctions
Double Auctions
Trading Auction
Q-Index Code C1
Q-Index Status Provisional Code
Institutional Status Unknown

Document type: Journal Article
Sub-type: Article (original research)
Collection: School of Economics Publications
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Created: Mon, 13 Aug 2007, 11:25:31 EST