Adelaja, A., B. McCay, and J. Menzo. 1998b. Market share, capacity utilization, resource conservation, and tradable quotas. Marine Resource Economics. 13:115-134. Agnello, R.J. and L.P. Donnelley. 1975. Property rights and efficiency in the oyster industry. Land Economics. 18:521-533. Anderson, C

We analyze investment in a gas fired power plant in a regime with tradable quotas for CO 2 emissions and with an option to install CO 2 capture technology. Such equipment is very costly and we find that high subsidies are required to entice the investors to install it, even when the captured CO 2

The fact that Tradable Quota Systems are a cost effective, efficient, transparent and equitable instrument used to achieve a target for renewable electricity decided by the government is almost a truism in the literature on economic instruments used in renewable electricity policy. Another one

Developed countries should find cost-effective ways to decrease Green House Gas (GHG) emissions to comply with their Kyoto Protocol targets by year 2012. The target can be achieved either by domestic emission reduction or by buying quotas in international markets. Policy makers have to choose

A policy instrument for reducing greenhouse gas emissions from energy use

Uncertainty, side payments and incomplete international tradable quota treaties1

measured and made comparable across countries. In this paper we first discuss theoretically how tradable immigration quotas (TIQs) can reveal information on such costs and, once coupled with a matching mechanism taking into account migrants’preferences, generate substantial welfare gains for all

measured and made comparable across countries. In this paper we …rst discuss theoretically how tradable immigration quotas (TIQs) can reveal information on such costs and, once coupled with a matching mechanism taking into account migrantspreferences, gener-ate substantial welfare gains for all the parties

Any opinions expressed here are those of the author(s) and not those of IZA. Research published in this series may include views on policy, but the institute itself takes no institutional policy positions. The Institute for the Study of Labor (IZA) in Bonn is a local and virtual international research center and a place of communication between science, politics and business. IZA is an independent nonprofit organization supported by Deutsche Post Foundation. The center is associated with the University of Bonn and offers a stimulating research environment through its international network, workshops and conferences, data service, project support, research visits and doctoral program. IZA engages in (i) original and internationally competitive research in all fields of labor economics, (ii) development of policy concepts, and (iii) dissemination of research results and concepts to the interested public. IZA Discussion Papers often represent preliminary work and are circulated to encourage discussion. Citation of such a paper should account for its provisional character. A revised version may be available directly from the author. IZA Discussion Paper No. 5765

The merits of non-tradable quotas as a domestic policy instrument to prevent firm closure*