Due to the large number of requests the Center receives for research on
emissions trading, this page brings together the titles of CEEPR
Working Papers, Reprints and Books related to this topic.
To order books, you must contact a retailer or the publisher directly. Reprints
and Working Papers may be downloaded using the link provided, or hardcopies
may be ordered following the instructions provided on those pages.
Allocation in the European Emissions Trading Scheme : Rights, Rents adn Fairness
Edited by A. Denny Ellerman, Barbara Buchner,
and Carlo Carraro
Cambridge University Press, 2007
Emissions Trading in the U.S.: Experience, Lessons and Considerations for Greenhouse Gases
A. Denny Ellerman, Paul L. Joskow, and David Harrison, Jr.
Pew Center for Climate Change, 2003
Markets for Clean Air: The U.S. Acid
Rain Program
A. Denny Ellerman, Paul L. Joskow, Richard Schmalensee, Juan-Pablo Montero,
and Elizabeth M. Bailey
New York: Cambridge University Press, 2000
Emissions Trading under the U.S. Acid
Rain Program: Evaluation of Compliance Costs and Allowance Market Performance
A. Denny Ellerman, Richard Schmalensee, Paul L. Joskow, Juan-Pablo Montero,
and Elizabeth M. Bailey
MIT CEEPR Publication, October, 1997
Pollution markets with imperfectly observed emissions
Juan-Pablo Montero
Journal of Economics, Vol. 36, No. 3, Autumn (2005), pp. 645–660.
Reprint No. 175
A Note on Tradeable Permits
A. Denny Ellerman
Environmental & Resource Economics, 31: pp. 123-131, (2005).
Reprint No. 168
Prices versus quantities with incomplete enforcement
Juan-Pablo Montero
Journal of Public Economics 85: 435-454 (2002).
Reprint No. 166
Trading Programs for Environmental Management: Reflections on the Air and Water Experiences
Shabman, Leonard, Kurt Stephenson, William Shobe
Environmental Practice, 4: 153-162 (2002).
A Market-Based Environmental Policy Experiment in Chile
Juan-Pablo Montero, J.M Sanchez, and R. Katz
Journal of Law and Economics, Vol. XLV, pp. 267-287 ( April 2002).
Reprint No. 161
Designing a Tradeable Permit System to Control SO2 Emissions in China: Principles and Practice
A. Denny Ellerman
The Energy Journal, Vol. 23, No. 2, pp. 1-26 (2002).
Reprint No. 160
Multipollutant Markets
Juan-Pablo Montero
The RAND Journal of Economics, Vol. 32, No. 4, pp. 762-774 (Winter 2001).
Reprint No. 158
The Economics of Pollution Permit Banking in the Context of Title IV of the 1990 Clean Air Act Amendments
Susanne M. Schennach
Journal of Environmental Economics and Management, Vol. 40, No. 3, pp. 189–210 (November 2000).
Reprint No. 157
How Environmental Laws Work: An Analysis of the Utility Sector's Response to Regulation of Nitrogen Oxides and Sulfur Dioxide under the Clean Air Act
Byron Swift
Tulane Environmental Law Journal, Vol. 14, No. 2, pp. 309-425 (Summer 2001). | Link to Journal Site
Reprint No. 152
A Review of Markets for Clean
Air: The U.S. Acid Rain Program
A. Denny Ellerman, Paul L. Joskow, Richard Schmalensee, Juan-Pablo Montero,
and Elizabeth M. Bailey, Peter Crampton
Journal of Economic Literature, Vol. 38, pp. 627-633 (September 2000).
Reprint No. 150
Optimal Design of a Phase-In Emissions
Trading Program
Juan-Pablo Montero
Journal of Public Economics, Vol. 75, No. 2, pp. 273-91 (February 2000).
The Political Economy of Market-Based
Environmental Policy: The U.S. Acid Rain Program
Paul L. Joskow and Richard Schmalensee
The Journal of Law & Economics, Vol. 41, No. 1, pp. 37-83
Reprint No. 140
The Next Restructuring: Environmental Regulation
A. Denny Ellerman
The Energy Journal, Vol. 20, No. 1, pp. 141-147, 1999
Reprint No. 139
The Market for Sulfur Dioxide Emissions
Paul Joskow, Richard Schmalensee, and Elizabeth M. Bailey
American Economic Review, Vol. 88, No. 4, pp. 669-685, September
Reprint No. 138
An Interim Evaluation of Sulfur Dioxide Emissions Trading
Richard Schmalensee, Paul L. Joskow, A. Denny Ellerman, Juan Pablo Montero, and Elizabeth M. Bailey
Journal of Economic Perspectives, Vol. 12, No. 3, pp. 53-68, Summer
Reprint No. 137
Marketable Pollution Permits with Uncertainty and Transaction Costs
Juan-Pablo Montero
Resource and Energy Economics, Vol. 20, pp. 27-50, 1997
Is International Emissions Trading Always Beneficial?
Babiker, M., J. Reilly and L. Viguier
Energy Journal 25(2): 33-56
| Full Paper [PDF]
2004-1
The Safety Valve and Climate Policy
Jacoby, H.D., and A.D. Ellerman
Energy Policy 32(4): 481-491
| Link to Journal Site
2003-12
Absolute vs. Intensity-Based Emission Caps
Ellerman, A.D., and I. Sue Wing
Climatic Policy 3 (Supplement 2): S7-S20
| Link to Journal Site
2003-8
Assessing the Impact of Carbon Tax Differentiation in the European Union
Babiker, M.H., P. Criqui, A.D. Ellerman, J.M. Reilly and L.L. Viguier
Environmental Modeling and Assessment 8(3): 187-197
|Link to Journal Site
2002-4
Rethinking the Kyoto Emissions Targets
Babiker, M.H., and R.S. Eckaus
The Energy Journal 23(2): 97-119
|Link to Journal Site
2001-5
The U.S. SO2 allowance trading program
Ellerman, A.D.
Revue de l'Energie 527: 315-320
2001-3
Le Défi Européen: Issues in the Implementation of Greenhouse Gas Emissions Trading in Europe
Ellerman, A.D.
Revue de l'Energie 524: 105-111
2000-8
Supplementarity: An Invitation to Monopsony?
Ellerman, A.D., and I. Sue Wing
Energy Journal 21(4):29-59
1999-9
(i)Tradable emissions rights and joint implementation for greenhouse gas abatement: A look under the hood; and (ii)Commentary
Schmalensee, R. (i); Prinn, R.G. (ii)
The Impact of Climate Change Policy on Consumers: Can Tradable Permits Reduce the Cost? C. Walker et al. (eds.), American Council for Capital Formation Center for Policy Research, Washington DC, pp. 39-55; and pp. 65-71
1999-8
Obstacles to global CO2 trading: A familiar problem
Ellerman, A.D.
Climate Change Policy: Practical Strategies to Promote Economic Growth & Environmental Quality C. Walker et al. (eds.), ACCFCPR, Washington DC, pp. 119-132
1997-1
CO2 emissions limits: Economic adjustments and the distribution of burdens
Jacoby, H., R. Eckhaus, A.D. Ellerman, R. Prinn, D. Reiner and Z. Yang
The Energy Journal 18(3): 31-58
Over-Allocation or Abatement? A Preliminary Analysis of the EU ETS Based on the 2005 Emissions Data
A. Denny Ellerman and Barbara Buchner, November 2006 | Full Paper [PDF]
WP-2006-015
The Allocation of European Union Allowances: Lessons, Unifying Themes and General Principles
Barbara Buchner, Carlo Carraro and A. Denny Ellerman, September 2006 | Full Paper [PDF]
WP-2006-013
New Entrant and Closure Provisions: How do they distort?
A. Denny Ellerman, June 2006 | Full Paper [PDF]
WP-2005-016
Market power in a storable-good market:Theory and applications to carbon and sulfur trading
Matti Liski and Juan-Pablo Montero, November 2005 | Full Paper [PDF] Abstract , Full PDF
WP-2005-006
Forward trading and collusion in oligopoly
Matti Liski and Juan-Pablo Montero, March, 2005 | Full Paper [PDF]
WP-2005-005
The Efficiency and Robustness of Allowance Banking in the U.S. Acid Rain Program
A. Denny Ellerman and Juan-Pablo Montero, March, 2005 | Full Paper [PDF]
WP-2005-004
Patterns of Transmission Investment, Paul L. Joskow
March, 2005 | Full Paper [PDF]
WP-2004-019
The Chicago VOC Trading System: The Consequences
of Market Design for Performance
R.F. Kosobud, H.H.
Stokes, C.D. Tallarico, and B.L. Scott, November, 2004 | Full Paper [PDF]
WP-2004-015
Tradable Permits with Incomplete Monitoring:
Evidence from Santiago's Particulate Permits Program
Juan Pablo Montero,
August, 2004 | Full Paper [PDF]
WP-2004-005
A Note on Market
Power in an Emission Permits Market with Banking
Matti
Liski and Juan-Pablo Montero, February 2004 | Full Paper [PDF]
WP-2004-001
The Sources of
Emission Reductions: Evidence from U.S. SO2 Emissions from 1985
through 2002
A. Denny Ellerman & Florence Dubroeucq, January
2004 | Full Paper [PDF]
WP-2003-015
Are Cap-and-Trade
Programs more Environmentally Effective than Conventional Regulation?
A.
Denny Ellerman, October 2003 | Full Paper [PDF]
WP-2003-009
Lessons from Phase 2 Compliance with the U.S. Acid Rain Program
A. Denny Ellerman,
May 2003
| Full Paper [PDF]
WP-2003-003
Ex Post Evaluation of Tradable Permits: The U.S. SO2 Cap-and-Trade Program
A. Denny Ellerman,
February 2003 | Full Paper [PDF]
WP-2002-004
Testing the Efficiency of a Tradeable Permits Market
Juan-Pablo Montero,
September 2002 | Full Paper [PDF]
WP-2002-002
Analysis of the Bush Proposal to Reduce the SO2 Cap
A. Denny Ellerman,
February 2002 | Full Paper [PDF]
WP-2002-001
Trading quasi-emission permits
Juan-Pablo Montero,
January 2002 | Full Paper [PDF]
WP-2001-009
Considerations for Designing a Tradeable Permit System to Control SO2 Emissions in China (Including Chinese translation courtesy of Hongjun Kan, RAND Graduate School of Policy Studies)
A. Denny Ellerman,
October 2001 | Full Paper [PDF]
WP-2001-008
Multipollutant Markets
Juan-Pablo Montero,
September 2001 | Full Paper [PDF]
WP-2000-005
A Market-Based Environmental Policy
Experiment in Chile
Juan-Pablo Montero, José Miguel Sánchez, and Ricardo Katz,
July, 2000 | Full Paper [PDF]
WP-1999-009
Prices vs. Quantities with Incomplete
Enforcement
Juan-Pablo Montero, July 1999 | Full Paper [PDF]
WP-1999-006
Environmental Policy in Transition
Economies: The Effectiveness of Pollution Charges
Patrik Söderholm, May 1999 | Full Paper [PDF]
WP-1998-011
Explaining Low Sulfur Dioxide
Allowance Prices: The Effect of Expectation Errors and Irreversibility
Juan-Pablo Montero and A. Denny Ellerman, September 1998 | Full Paper [PDF]
WP-1998-010
The Costs of Reducing Utility
SO2 Emissions -- Not as Low as You Might Think
Anne E. Smith, Jeremy Platt | Full Paper [PDF]
WP-1998-009
Electric Utility Response to Allowances:
From Autarkic to Market-Based Compliance
A. Denny Ellerman, July 1998 Full Paper [PDF]
WP-98006
Intertemporal Pricing of Sulfur Dioxide Allowances
Elizabeth M. Bailey, March 1998 | Full Paper [PDF]
WP-98005
Allowance Trading Activity and State Regulatory
Rulings: Evidence From The U. S. Acid Rain Program
Elizabeth M. Bailey, March 1998 | Full Paper [PDF]
WP-98001
Voluntary Compliance with Market-Based Environment
Policy: Evidence from the U.S. Acid Rain Program
Juan-Pablo Montero, January 1998 | Full Paper [PDF]
WP-97005
1996 Update on Compliance
and Emissions Trading Under the U.S. Acid Rain Program
A. Denny Ellerman,
Paul L. Joskow, and Richard Schmalensee, November 1997 | Full Paper [PDF]
WP-97003
Joint Implementation: Lessons
from Title IV's Voluntary Compliance Programs
Erica Atkeson, May 1997 | Full Paper [PDF]
WP-97001
Volunteering for Market-Based
Environmental Regulation: The Substitution Provision of the SO2 Emissions
Trading Program
Juan-Pablo Montero, January 1997 | Full Paper [PDF]
