Full metadata record
DC Field | Value | Language |
---|---|---|
dc.contributor.author | Abrell, Jan | - |
dc.contributor.author | Cludius, Johanna | - |
dc.contributor.author | Lehmann, Sascha | - |
dc.contributor.author | Schleich, Joachim | - |
dc.contributor.author | Betz, Regina | - |
dc.date.accessioned | 2021-10-08T15:30:05Z | - |
dc.date.available | 2021-10-08T15:30:05Z | - |
dc.date.issued | 2021-08-23 | - |
dc.identifier.issn | 0924-6460 | de_CH |
dc.identifier.issn | 1573-1502 | de_CH |
dc.identifier.uri | https://digitalcollection.zhaw.ch/handle/11475/23286 | - |
dc.description.abstract | This study analyses factors related to allowance-trading behaviour for the first ten years of the existence of the European Union Emissions Trading System (EU ETS). Our empirical analysis employs a dataset that combines information on trading activities for more than 6000 companies with company characteristics. Indicators of trading activity include the volume and the number of transactions as well as the usage of intermediaries and of derivatives markets. For 2005–2014 and for the individual trading periods, we find that trading behaviour is related to the size of a company, its net position (the difference between free allocations and verified emissions), its sector affiliation, productivity, and location. We also find evidence that trading-related transaction costs affect trading activity in the EU ETS in all trading periods. Our results further suggest that net buyers (companies whose verified emissions exceed free allocations in a given year) are more likely to participate in emissions trading and to trade at higher volumes than net sellers are. We explain this asymmetry in behaviour—which might lead to a violation of Coase’s independence property—by potential asymmetries in the actual or perceived opportunity costs of holding allowances between net sellers and net buyers. | de_CH |
dc.language.iso | en | de_CH |
dc.publisher | Springer | de_CH |
dc.relation.ispartof | Environmental and Resource Economics | de_CH |
dc.rights | Licence according to publishing contract | de_CH |
dc.subject | Climate policy | de_CH |
dc.subject | EU ETS | de_CH |
dc.subject | Emissions Trading | de_CH |
dc.subject | Transaction cost | de_CH |
dc.subject.ddc | 333.7: Landflächen, Naturerholungsgebiete | de_CH |
dc.title | Corporate emissions-trading behaviour during the first decade of the EU ETS | de_CH |
dc.type | Beitrag in wissenschaftlicher Zeitschrift | de_CH |
dcterms.type | Text | de_CH |
zhaw.departement | School of Management and Law | de_CH |
zhaw.organisationalunit | Zentrum für Energie und Umwelt (CEE) | de_CH |
dc.identifier.doi | 10.1007/s10640-021-00593-7 | de_CH |
zhaw.funding.eu | No | de_CH |
zhaw.originated.zhaw | Yes | de_CH |
zhaw.pages.end | 37 | de_CH |
zhaw.pages.start | 1 | de_CH |
zhaw.publication.status | publishedVersion | de_CH |
zhaw.publication.review | Peer review (Publikation) | de_CH |
zhaw.webfeed | W: Spitzenpublikation | de_CH |
zhaw.author.additional | No | de_CH |
zhaw.display.portrait | Yes | de_CH |
Appears in collections: | Publikationen School of Management and Law |
Files in This Item:
There are no files associated with this item.
Show simple item record
Abrell, J., Cludius, J., Lehmann, S., Schleich, J., & Betz, R. (2021). Corporate emissions-trading behaviour during the first decade of the EU ETS. Environmental and Resource Economics, 1–37. https://doi.org/10.1007/s10640-021-00593-7
Abrell, J. et al. (2021) ‘Corporate emissions-trading behaviour during the first decade of the EU ETS’, Environmental and Resource Economics, pp. 1–37. Available at: https://doi.org/10.1007/s10640-021-00593-7.
J. Abrell, J. Cludius, S. Lehmann, J. Schleich, and R. Betz, “Corporate emissions-trading behaviour during the first decade of the EU ETS,” Environmental and Resource Economics, pp. 1–37, Aug. 2021, doi: 10.1007/s10640-021-00593-7.
ABRELL, Jan, Johanna CLUDIUS, Sascha LEHMANN, Joachim SCHLEICH und Regina BETZ, 2021. Corporate emissions-trading behaviour during the first decade of the EU ETS. Environmental and Resource Economics. 23 August 2021. S. 1–37. DOI 10.1007/s10640-021-00593-7
Abrell, Jan, Johanna Cludius, Sascha Lehmann, Joachim Schleich, and Regina Betz. 2021. “Corporate Emissions-Trading Behaviour during the First Decade of the EU ETS.” Environmental and Resource Economics, August, 1–37. https://doi.org/10.1007/s10640-021-00593-7.
Abrell, Jan, et al. “Corporate Emissions-Trading Behaviour during the First Decade of the EU ETS.” Environmental and Resource Economics, Aug. 2021, pp. 1–37, https://doi.org/10.1007/s10640-021-00593-7.
Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.