The DOI matches its Crossref record; 23 of the 23 references it cites were found in a registry or an index.
Emissions trading systems with cap adjustments
Open accessAbstract
Emissions Trading Systems (ETSs) with fixed caps lack provisions to address systematic imbalances in the supply and demand of permits due to changes in the state of the regulated economy. We propose a mechanism which adjusts the allocation of permits based on the current bank of permits. The mechanism spans the spectrum between a pure quantity instrument and a pure price instrument. We solve the firms׳ emissions control problem and obtain an explicit dependency between the key policy stringency parameter—the adjustment rate—and the firms׳ abatement and trading strategies. We present an analytical tool for selecting the optimal adjustment rate under both risk-neutrality and risk-aversion, which provides an analytical basis for the regulator׳s choice of a responsive ETS policy.
Overview
The claims and statistics of this paper haven’t been checked yet.
Run the check — free, no account needed. It reads the open-access text and checks the sources it cites.
Integrity signals
Registry
Cites
Statistics
Verification
Claims the paper makes
The claims and statistics of this paper haven’t been checked yet.
Run the check — free, no account needed. It reads the open-access text and checks the sources it cites.
Self-check
Percentages, sums and reported differences re-computed from the paper’s own numbers.
The self-check needs the paper’s full text.
Citations
Cites
Weitzman, M. L. (1974) · The Review of Economic Studies · doi:10.2307/2296698 · Cited by 2,071
Optimal Taxes on Fossil Fuel in General Equilibrium
Golosov, M., Hassler, J., Krusell, P., & Tsyvinski, A. (2011) · Econometrica · doi:10.3982/ecta10217 · Cited by 996
Effluent charges and licenses under uncertainty
Roberts, M. J., & Spence, M. (1976) · Journal of Public Economics · doi:10.1016/0047-2727(76)90014-1 · Cited by 759
Combining price and quantity controls to mitigate global climate change
Pizer, W. A. (2002) · Journal of Public Economics · doi:10.1016/s0047-2727(01)00118-9 · Cited by 681
A Model of Intertemporal Emission Trading, Banking, and Borrowing
Rubin, J. (1996) · Journal of Environmental Economics and Management · doi:10.1006/jeem.1996.0044 · Cited by 504
Heutel, G. (2011) · Review of Economic Dynamics · doi:10.1016/j.red.2011.05.002 · Cited by 467
Regulation by Prices, Quantities, or Both: A Review of Instrument Choice
Hepburn, C. J. (2006) · Oxford Review of Economic Policy · doi:10.1093/oxrep/grj014 · Cited by 405
Schennach, S. M. (2000) · Journal of Environmental Economics and Management · doi:10.1006/jeem.1999.1122 · Cited by 281
Soft and hard price collars in a cap-and-trade system: A comparative analysis
Fell, H. G., Burtraw, D., Morgenstern, R. D., & Palmer, K. L. (2011) · Journal of Environmental Economics and Management · doi:10.1016/j.jeem.2011.11.004 · Cited by 112
Optimal intensity targets for greenhouse gas emissions trading under uncertainty
Jotzo, F., & Pezzey, J. C. V. (2007) · Environmental and Resource Economics · doi:10.1007/s10640-006-9078-z · Cited by 108
Flagged first, then by citations
Research works printed but not linked: 1
- Grosjean, 2014, After monetary policy, climate policy, Clim. Policy, 1, 1
Cited by
Sorted by citations
Items 101–107 of 107
Hybrid Policies for Emission Control Under Asymmetric Information: A Comparative Analysis
Jiang, M., Li, Y., Wang, F., & Yang, D. (2025) · Australian Journal of Agricultural and Resource Economics · doi:10.1111/1467-8489.70054
Towards Effective Environmental Regulations—Operations Management Perspective
Sakaya, J. J. (2022) · theses.fr (ABES) · doi:10.70675/2d04b3ddz3f77z46ddz81c8z4143531a598d
Weitzman Meets Taylor: EU Allowance Price Drivers and Carbon Cap RulesPreprint
Benmir, G., Roman, J., & Taschini, L. (2026) · SSRN Electronic Journal · doi:10.2139/ssrn.6629556
Self-citationMind the Emission Gap: Firm-Level Policy Stringency Matters for Emission Reductions in the EU ETSPreprint
Bortolan, L., Prosperi, L., Taschini, L., & Zanin, L. (2026) · SSRN Electronic Journal · doi:10.2139/ssrn.7411504
Self-citationZuo, X., Wu, B., & Sun, C. (2026) · Energy Economics · doi:10.1016/j.eneco.2026.109624
Containment reserves and permit auction prices: Evidence from a U.S. carbon market
Khezr, P., & Pourkhanali, A. (2026) · Economic Analysis and Policy · doi:10.1016/j.eap.2026.10.035
Metadata
- Authors
- Kollenberg, S., & Taschini, L.
- Affiliations
- University of Duisburg-Essen (DE)
- London School of Economics and Political Science (GB)
- Corresponding author
- Taschini, Luca
- ORCID
- Taschini, Luca
- Venue
- Journal of Environmental Economics and Management
- Publisher
- Elsevier BV
- Published
- 2016-11
- Volume
- 80
- Pages
- 20-36
- ISSN
- 0095-0696 (ISSN-L)
- OpenAlex
- W2911748944
- Cited by
- 107
- References
- 23
- Citations by year
- 2026: 7 · 2025: 14 · 2024: 17 · 2023: 11 · 2022: 10 · 2021: 6 · 2020: 16 · 2019: 10 · 2018: 8 · 2017: 5 · 2016: 3
- FWCI
- 16.87
- Type
- journal article
- Language
- en
- Open access
- hybrid
- doi.org
- Locations
- Journal of Environmental Economics and Management (publishedVersion, cc-by)
- RePEc: Research Papers in Economics (submittedVersion)
- London School of Economics and Political Science Research Online (London School of Economics and Political Science) (submittedVersion)
- London School of Economics and Political Science Theses Online (London School of Economics and Political Science) (submittedVersion)
- Funders
- European Commission (308481)
- Bundesministerium für Bildung und Forschung
- Universität Duisburg-Essen
- Economic and Social Research Council (ES/K006576/1)
- Topics
- Social Sciences › Economics, Econometrics and Finance › Economics and Econometrics › Climate Change Policy and Economics
- Social Sciences › Economics, Econometrics and Finance › Economics and Econometrics › Energy, Environment, Economic Growth
- Physical Sciences › Environmental Science › Pollution › Environmental Policies and Emissions
- Keywords
- emissions trading system, permit allocation, abatement strategies, risk aversion, regulatory stringency, carbon pricing
About these checks
Registry, retraction, Cites and statistics results are computed, not judged, with one exception: a printed reference that no index lists is read once by a model before it counts as a citation error. Claims are extracted by a model and kept only when their quote appears verbatim in the text; each cited source is then checked, with a model’s help, for whether it says what the claim relies on. Those verdicts can be wrong — read the claim’s quote and the cited source before relying on one.
Statistics and arithmetic are recomputed, not judged.
Confidence bands are shown only for fields calibrated on our annotated test set. None is calibrated yet, so no band is shown.
What counts as a claim ›How we measure confidence ›How we check this ›
Are you an author, or do you see a problem with this page? Request a review
