Research | Cooper Center

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Informing policy through research to facilitate solar development in Virginia.
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A graph showing the auction price each period averaged across sections.

October 1, 2014

Emission Market Design: California Allowances

By

William Shobe,

Charles Holt,

Thaddeus Huetteman

This study uses economic experiments to look at the effects of some novel features of California's new controls on greenhouse gas emissions in terms of market liquidity, efficiency, and price variability.

About the Cooper Center

The Weldon Cooper Center for Public Service offers rigorous training programs and nationally recognized applied research in service to the public good. Our non-partisan, reliable services help policymakers and elected officials, students, governments, and community leaders in Virginia and beyond.