2026-09-21T19:44:31Z https://www.ideals.illinois.edu/oai-pmh

oai:www.ideals.illinois.edu:2142/82948 2023-07-11 col_2142_5131 col_2142_13851 com_2142_5130 com_2142_684 com_2142_397

Embargo set by: Seth Robbins for item 84229 Lift date: Forever Reason: Restricted to the U of I community idenfinitely during batch ingest of legacy ETDs Onal, Hayri Liao, Chan-Ning 2015-09-25T20:55:28Z 2015-09-25T20:55:28Z 10000-01-01 2001 2001 Assuming full information and full cooperation, the MIP model is solved first to determine the socially optimum solution. This model is also used to derive the average shadow price of pollution permits. The empirical results show that: (i) few firms would adopt new technology and the volume of permit trading would be very small, and (ii) the average shadow price would not establish equilibrium in the permit market. The simulation model, on the other hand, yields substantial oversupply of permits in the beginning. Permit prices, although varying throughout the planning horizon, would be nearly half of the IEPA's estimate. Many banked permits would expire after the first two seasons whereas IEPA's reserved permits would be needed later due to short supply and high demand. Sensitivity analysis shows that initial price expectation is crucial for economic efficiency and stability of the market. Made available in DSpace on 2015-09-25T20:55:28Z (GMT). No. of bitstreams: 2 license.txt: 4848 bytes, checksum: 96035ab3f5e1c23cc7138a224ce498bd (MD5) 3023124.pdf: 7125669 bytes, checksum: 6315869a852d3092817cb3eaef2da8b1 (MD5) Previous issue date: 2001 Restricted to the U of I community idenfinitely during batch ingest of legacy ETDs U of I Only 155 p. Thesis (Ph.D.)--University of Illinois at Urbana-Champaign, 2001. http://hdl.handle.net/2142/82948 (MiAaPQ)AAI3023124 eng Environmental Sciences An Economic Analysis of the Emission Reduction Market System in Chicago text Agricultural Economics Agricultural Economics University of Illinois at Urbana-Champaign Dissertation Ph.D.