Economic Implications of Alternative Allocation Schemes for Emission Allowances*
研究了排放交易体系中基于产出和基于排放的两种免费配额分配规则在补偿污染行业与经济效益之间的权衡，发现基于排放的规则在维持能源密集型行业产出和就业方面成本更高。
Abstract For reasons of political feasibility, emission trading systems may have to rely on free initial allocation of emission allowances in order to ameliorate adverse production and employment effects in dirty industries. Against the background of an emerging European‐wide emission trading system, we examine the trade‐off between such compensation and economic efficiency under output‐based and emissions‐based allocation rules. We show that the emissions‐based allocation rule is more costly than the output‐based rule in terms of maintaining output and employment in energy‐intensive industries. When the international allowance price increases, the inferiority of emissions‐based allocation vis‐à‐vis output‐based allocation becomes more pronounced, as emission subsidies drastically restrict efficiency gains from international trade in emission allowances.