神戸大学金融研究会
(Monetary Economics Seminar of Kobe University)

日時:
(Date&Time)
4月12日(土)14時から (Saturday, April 12, 2:00pm〜)
報告者:
(Speaker)
入谷 純 氏 (IRITANI Jun)
所属:
(Affiliation)
神戸大学
(Kobe University)
論題:
(Topic)
"A General Equilibrium Model with Tradable Emission Permits: Efficiency and Coase Properties"
概要:
(Abstract)

In this paper, we construct a general equilibrium model in which the price of tradable emission permits (TEPs) is determined in the market. We deal with two countries. There are one household and one firm in each country. Households and firms are allowed to buy and sell TEPs at the market price. Our model establishes two results. The first is the Coase Properties. The allocation of goods and the level of emissions in equilibrium are independent not only of the methods of distributing TEPs, such as grandfathering and auctioning, but also of the aggregate amount of initially issued TEPs, as long as all the households buy TEPs. The other result is the efficiencies, i.e., the quantity of emissions in equilibrium is excessive from the Paretian viewpoint when at least one household purchases TEPs. On the other hand, there exists some initial distribution of TEPs under which a Pareto efficient allocation is attained in equilibrium, although the amount of TEPs is small, even to the point where no households buy TEPs.

報告者:
(Speaker)
白塚 重典 氏 (SHIRATSUKA Shigenori)
所属:
(Affiliation)
日本銀行
(Bank of Japan)
論題:
(Topic)
「金融システムレポートについて」
会場:
(Place)
神戸大学経済経営研究所 会議室(研究所新館2階)
RIEB Meeting Room (New Building 2nd floor)
対象:
(Intended Audience)
基本的に会員制の研究会ですが、非会員で関心のある方の参加も歓迎します。
The seminar is primarily for the workshop members. But non-members are also welcome to attend.
備考:
(Note)

論文のコピーは開催日当日に会場にご用意いたします。
Copies of the paper will be available on that day of the seminar at meeting place.
セミナー参加を希望される方はお手数ですがご氏名、ご所属、ご連絡先(メ-ルアドレス)を事前に研究助成室までご連絡下さい。
If you would like to attend our workshop, please email us at Research Assistant Section your name, affiliation and email address beforehand.