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dc.contributor.authorMARTIN, Ralf
dc.contributor.authorMUULS, Mirabelle
dc.contributor.authorDE PREUX, Laure B.
dc.contributor.authorWAGNER, Ulrich J.
dc.date.accessioned2012-08-30T13:54:23Z
dc.date.available2012-08-30T13:54:23Z
dc.date.issued2012
dc.identifier.issn1028-3625
dc.identifier.urihttps://hdl.handle.net/1814/23355
dc.description.abstractWhen industry compensation is offered to prevent relocation of regulated firms, efficiency requires that payments be distributed across firms so as to equalize marginal relocation probabilities, weighted by the damage caused by elocation. We formalize this fundamental economic logic and apply it to analyze industry compensation rules proposed under the EU Emissions Trading Scheme, which allocate permits for free to carbon and trade intensive industries. We estimate that this practice will result in overcompensation in the order of €6.7 billion every year. Efficient allocation would reduce the aggregate risk of job loss by two thirds without increasing aggregate compensation.en
dc.format.mimetypeapplication/pdf
dc.language.isoenen
dc.relation.ispartofseriesEUI RSCASen
dc.relation.ispartofseries2012/37en
dc.relation.ispartofseriesClimate Policy Research Uniten
dc.relation.ispartofseries[Florence School of Regulation]en
dc.relation.ispartofseries[Climate]en
dc.rightsinfo:eu-repo/semantics/openAccessen
dc.subjectIndustry compensationen
dc.subjectindustrial relocationen
dc.subjectemissions tradingen
dc.subjectpermit allocationen
dc.subjectEU ETSen
dc.subjectfirm dataen
dc.titleIndustry Compensation under Relocation Risk: A Firm-level analysis of the EU emissions trading schemeen
dc.typeWorking Paperen
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