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Optimisation of implementation policies of environmental quota trade

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Abstract
This paper analyses implementation policies of environmental quota trade, with the Flemish nutrient production rights as an example. Implementation policies concern the transaction quantity, quota reduction and prevention of speculation. They are analysed with a static and a dynamic multi-agent quota trade model. The static model with discrete non-auctioned quota trade shows that the obligation for quota sellers to entirely stop their production stimulates structural change. The dynamic model version indicates that a flat rate reduction on traded quota and measures taken to prevent speculation combined with too low penalties for overuse stimulate the total production.
Keywords
dynamic programming, transaction costs, production rights, quota, IMPACT, VALUES, EFFICIENCY

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Chicago
Buysse, Jeroen, Bart Van der Straeten, Stephan Nolte, Dakerlia Claeys, and Ludwig Lauwers. 2012. “Optimisation of Implementation Policies of Environmental Quota Trade.” European Review of Agricultural Economics 39 (1): 95–113.
APA
Buysse, Jeroen, Van der Straeten, B., Nolte, S., Claeys, D., & Lauwers, L. (2012). Optimisation of implementation policies of environmental quota trade. EUROPEAN REVIEW OF AGRICULTURAL ECONOMICS, 39(1), 95–113. Presented at the 114th EAAE seminar on Structural Change in Agriculture.
Vancouver
1.
Buysse J, Van der Straeten B, Nolte S, Claeys D, Lauwers L. Optimisation of implementation policies of environmental quota trade. EUROPEAN REVIEW OF AGRICULTURAL ECONOMICS. 2012;39(1):95–113.
MLA
Buysse, Jeroen, Bart Van der Straeten, Stephan Nolte, et al. “Optimisation of Implementation Policies of Environmental Quota Trade.” EUROPEAN REVIEW OF AGRICULTURAL ECONOMICS 39.1 (2012): 95–113. Print.
@article{2033131,
  abstract     = {This paper analyses implementation policies of environmental quota trade, with the Flemish nutrient production rights as an example. Implementation policies concern the transaction quantity, quota reduction and prevention of speculation. They are analysed with a static and a dynamic multi-agent quota trade model. The static model with discrete non-auctioned quota trade shows that the obligation for quota sellers to entirely stop their production stimulates structural change. The dynamic model version indicates that a flat rate reduction on traded quota and measures taken to prevent speculation combined with too low penalties for overuse stimulate the total production.},
  author       = {Buysse, Jeroen and Van der Straeten, Bart and Nolte, Stephan and Claeys, Dakerlia and Lauwers, Ludwig},
  issn         = {0165-1587},
  journal      = {EUROPEAN REVIEW OF AGRICULTURAL ECONOMICS},
  keyword      = {dynamic programming,transaction costs,production rights,quota,IMPACT,VALUES,EFFICIENCY},
  language     = {eng},
  location     = {Berlin, Germany},
  number       = {1},
  pages        = {95--113},
  title        = {Optimisation of implementation policies of environmental quota trade},
  url          = {http://dx.doi.org/10.1093/erae/jbr044},
  volume       = {39},
  year         = {2012},
}

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