Thesis
A social welfare analysis of California's cap and trade
Washington State University
Master of Science (MS), Washington State University
05/2020
DOI:
https://doi.org/10.7273/000004077
Handle:
https://hdl.handle.net/2376/124888
Abstract
This paper evaluates California's (CA) cap & trade program (C&T) and its social welfare implications. I utilize a theoretical simultaneous move game to determine the optimal outcome for C&T. The outcome for such policy indicates that CA will implement C&T inducing firms to invest in abatement technology. To analyze if the theoretical results are occurring in practice, I collected data from the California Air Resources Board (CARB), Bureau of Economic Statistics (BEA), and the U.S. Energy Agency (USEIA), and used a standard OLS regression to measure social welfare. I found that there is a downward trend in the profits of the firms in the CA industry and emissions have increased under C&T.
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Details
- Title
- A social welfare analysis of California's cap and trade
- Creators
- John Brunolli
- Contributors
- Ana Fabiola Espinola-Arredondo (Advisor) - Washington State University, School of Economic Sciences
- Awarding Institution
- Washington State University
- Academic Unit
- School of Economic Sciences
- Theses and Dissertations
- Master of Science (MS), Washington State University
- Publisher
- Washington State University
- Identifiers
- 99900890788901842
- Language
- English
- Resource Type
- Thesis