Scandinavian Working Papers in Economics
Research Papers in Economics,
Stockholm University, Department of Economics
No 2002:11: Comparing Permit Allocation Options: The Main Points
Peter Bohm
Additional contact information
Peter Bohm: Dept. of Economics, Stockholm University, Postal: Department of Economics, Stockholm University, S-106 91 Stockholm, Sweden
Abstract: In discussions about the policy design of domestic emission trading, e.g., when implementing the
Kyoto Protocol, the two permit allocation alternatives auctioning and allocation gratis
(grandfathering) are often pitted against each other as representing utopian cost-effectiveness and
political realism, respectively. In this note, an attempt is made to extract the main points of a
comparison between the two options with respect to efficiency and distribution.
Keywords: Domestic carbon emissions trading; permit allocation; grandfathering; auctioning; cost effectiveness; Kyoto protocol
7 pages, April 20, 2002
Full text files
wp02_11.pdf
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