Conference Agenda
Overview and details of the sessions of this conference. Please select a date or location to show only sessions at that day or location. Please select a single session for detailed view (with abstracts and downloads if available).
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Daily Overview |
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Emissions Trading 1: Experimental Economics Location: B136 Session Chair: Karin Mayr-Dorn, Johannes Kepler University Linz | |
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How effective is emissions pricing? The role of firm-product-level adjustment Johannes Kepler University Linz, Austria Carbon emissions caused by industrial production are among the most important drivers of climate change. This paper analyzes how multi-product firms adjust to the introduction of emissions pricing in terms of their output, product mix, and technology, and how their emissions change in response, depending on firm-specific production patterns and cost structures. My model delivers a qualitative and quantitative assessment of changes in aggregate emissions via conventional margins of firm adjustment that have not been sufficiently studied in the literature so far. In numerical simulations, I find that emissions pricing can significantly decrease emissions of multi-product firms. | |