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041			_afre
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100	1	0	_aSchwartz, Sonia _eauthor
245	0	0	_aMarket Power in Ambient Permit Market
260			_c2005.
500			_a39
520			_aThis paper discusses market power effects in ambient permit markets. A first conclusion is that the distortion observed at the manipulated market spreads to other markets. We find that the manipulated price could be lower (higher) than his competitive level according to the dominant firm acts as a monopolist (monopsonist). We show that the efficient outcome is always reached if there are as much firms as markets, irrespective of the initial endowment of permits. If there are more firms as markets, the efficient outcome is reached only if the dominant firm receipts the optimal initial allocation.
786	0		_nRevue économique | 56 | 3 | 2005-05-01 | p. 669-678 | 0035-2764
856	4	1	_uhttps://shs.cairn.info/journal-revue-economique-2005-3-page-669?lang=en&redirect-ssocas=7080
999			_c545248 _d545248