Industry Compensation under Relocation Risk: A Firm-Level Analysis of the EU Emissions Trading Scheme

When regulated firms are offered compensation to prevent them from relocating, efficiency requires that payments be distributed across firms so as to equalize marginal relocation probabilities, weighted by the damage caused by relocation. We formalize this fundamental economic logic and apply it to...

Full description

Saved in:
Bibliographic Details
Published in:The American economic review Vol. 104; no. 8; pp. 2482 - 2508
Main Authors: Martin, Ralf, Muûls, Mirabelle, de Preux, Laure B., Wagner, Ulrich J.
Format: Journal Article
Language:English
Published: Nashville American Economic Association 01.08.2014
American Economic Assoc
Subjects:
Benchmarking
Carbon
Carbon dioxide emissions
Carbon pricing
Carbon trading
Climate change
Climate change policy
Climate policy
College campuses
Compensation
Compliance
Costs
Economic theory
Emissions trading
Employment
Energy economics
Environmental policy
Free trade
Incentives
Industrial efficiency
Industrial plant emissions
Industrial regulation
Investment analysis
Location of industry
Payments
Permits
Personal finance
Pollutant emissions
Pollution control
Probability theory
Regulated industries
Regulation
Relocation
Risk
Risk management
Rules
Studies
Unemployment
Western Europe
Europe
ISSN:0002-8282, 1944-7981
Online Access:Get full text
Tags: Add Tag
No Tags, Be the first to tag this record!
Abstract When regulated firms are offered compensation to prevent them from relocating, efficiency requires that payments be distributed across firms so as to equalize marginal relocation probabilities, weighted by the damage caused by relocation. We formalize this fundamental economic logic and apply it to analyzing compensation rules proposed under the EU Emissions Trading Scheme, where emission permits are allocated free of charge to carbon-intensive and trade-exposed industries. We show that this practice results in substantial overcompensation for given carbon leakage risk. Efficient permit allocation reduces the aggregate risk of job loss by more than half without increasing aggregate compensation.
AbstractList When regulated firms are offered compensation to prevent them from relocating, efficiency requires that payments be distributed across firms so as to equalize marginal relocation probabilities, weighted by the damage caused by relocation. We formalize this fundamental economic logic and apply it to analyzing compensation rules proposed under the EU Emissions Trading Scheme, where emission permits are allocated free of charge to carbon-intensive and trade-exposed industries. We show that this practice results in substantial overcompensation for given carbon leakage risk. Efficient permit allocation reduces the aggregate risk of job loss by more than half without increasing aggregate compensation. (JEL H23, Q52, Q53, Q54, Q58)
When regulated firms are offered compensation to prevent them from relocating, efficiency requires that payments be distributed across firms so as to equalize marginal relocation probabilities, weighted by the damage caused by relocation. We formalize this fundamental economic logic and apply it to analyzing compensation rules proposed under the EU Emissions Trading Scheme, where emission permits are allocated free of charge to carbon-intensive and trade-exposed industries. We show that this practice results in substantial overcompensation for given carbon leakage risk. Efficient permit allocation reduces the aggregate risk of job loss by more than half without increasing aggregate compensation.
Author de Preux, Laure B.
Wagner, Ulrich J.
Martin, Ralf
Muûls, Mirabelle
Author_xml – sequence: 1
  givenname: Ralf
  surname: Martin
  fullname: Martin, Ralf
– sequence: 2
  givenname: Mirabelle
  surname: Muûls
  fullname: Muûls, Mirabelle
– sequence: 3
  givenname: Laure B.
  surname: de Preux
  fullname: de Preux, Laure B.
– sequence: 4
  givenname: Ulrich J.
  surname: Wagner
  fullname: Wagner, Ulrich J.
BackLink http://www.econis.eu/PPNSET?PPN=816176027$$DView this record in ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften
BookMark eNp1kUFr3DAQRkVJoZu0195KBb30YlcaS7bc27Js2sBCIU3OQpHHjba2tJXswP77auMmh0BPGg3vDdJ85-TMB4-EvOes5CCbLwZjyZkoVQlCwSuy4q0QRdMqfkZWjDEoFCh4Q85T2rPTnTcrgle-m9MUj3QTxgP6ZCYXPJ19h5Fe4xDs0rh26fdXuqaXLo7FDh9woGtvhmNyiYaeTvdIt7d0O7qUMp7oTTSd87_oT3uPI74lr3szJHz377wgt5fbm833Yvfj29VmvSus5PVU3AEC60Fa29zZWgqp-k4YJhl0rIJOYmOUscL0prWtUcIyg7mfBQkgUVUX5PMy9xDDnxnTpPODLA6D8RjmpLmULeNVK6qMfnqB7sMc85ceKS4aASAy9XGh0Abvkj5EN5p41IrXvKkZNJkQC2FjSClir62bHnc2ReMGzZk-paNzOrkWWulTOlkrX2hPo_8rfFiEfZpCfKYFtMBUW1d_AVXhnAg
CODEN AENRAA
CitedBy_id crossref_primary_10_2139_ssrn_5062560
crossref_primary_10_2139_ssrn_3856993
crossref_primary_10_34659_eis_2024_90_3_844
crossref_primary_10_1093_reep_rex013
crossref_primary_10_2139_ssrn_4257215
crossref_primary_10_1016_j_enpol_2017_10_019
crossref_primary_10_1016_j_jclepro_2020_120712
crossref_primary_10_1080_09638199_2021_1889644
crossref_primary_10_1016_j_jeem_2024_102973
crossref_primary_10_1016_j_eneco_2025_108542
crossref_primary_10_1111_caje_12653
crossref_primary_10_1016_j_eneco_2021_105664
crossref_primary_10_3390_su11040998
crossref_primary_10_1142_S2010007823500100
crossref_primary_10_3389_fenrg_2016_00027
crossref_primary_10_1007_s10668_023_02958_y
crossref_primary_10_1016_j_eneco_2024_107328
crossref_primary_10_1016_j_eneco_2024_107966
crossref_primary_10_1017_S1355770X19000445
crossref_primary_10_1093_rfs_hhad085
crossref_primary_10_52468_2542_1514_2023_7_4__55_65
crossref_primary_10_1007_s43546_022_00368_2
crossref_primary_10_1016_j_jeem_2021_102601
crossref_primary_10_1146_annurev_environ_120820_053625
crossref_primary_10_1016_j_enpol_2025_114587
crossref_primary_10_1016_j_enpol_2015_07_004
crossref_primary_10_1007_s10640_016_0051_1
crossref_primary_10_1016_j_eiar_2024_107730
crossref_primary_10_1016_j_eap_2024_03_024
crossref_primary_10_1007_s10668_022_02295_6
crossref_primary_10_1088_1748_9326_ad5743
crossref_primary_10_1093_rfs_hhad097
crossref_primary_10_1093_epolic_eiab004
crossref_primary_10_3390_en11082121
crossref_primary_10_1016_j_apenergy_2020_115858
crossref_primary_10_1016_j_eneco_2023_106629
crossref_primary_10_1016_j_techfore_2020_120145
crossref_primary_10_1016_j_eneco_2021_105538
crossref_primary_10_3390_su151612551
crossref_primary_10_1073_pnas_2109912118
crossref_primary_10_1080_14693062_2025_2545325
crossref_primary_10_1016_j_eneco_2024_107334
crossref_primary_10_1002_wcc_462
crossref_primary_10_1016_j_heliyon_2024_e26483
crossref_primary_10_1093_epolic_eiab011
crossref_primary_10_1016_j_ecolecon_2021_107168
crossref_primary_10_1080_00036846_2025_2471584
crossref_primary_10_1016_j_ecolecon_2014_05_010
crossref_primary_10_1002_mde_4134
crossref_primary_10_1080_09644016_2019_1659576
crossref_primary_10_1080_14693062_2023_2282481
crossref_primary_10_1016_j_energy_2016_07_113
crossref_primary_10_2139_ssrn_4644941
crossref_primary_10_1007_s10640_023_00762_w
crossref_primary_10_1016_j_enpol_2022_112989
crossref_primary_10_1016_j_jclepro_2020_120139
crossref_primary_10_1016_j_jeem_2017_01_004
crossref_primary_10_1007_s40821_015_0027_z
crossref_primary_10_1016_j_jeem_2018_11_004
crossref_primary_10_1093_ej_ueae048
crossref_primary_10_1016_j_jcorpfin_2024_102558
crossref_primary_10_1016_j_eneco_2022_106179
crossref_primary_10_1016_j_jeem_2018_11_003
crossref_primary_10_1007_s10640_019_00392_1
crossref_primary_10_1002_wcc_796
crossref_primary_10_1016_j_enpol_2023_113796
crossref_primary_10_1111_jmcb_13241
crossref_primary_10_1016_j_jclepro_2024_141225
crossref_primary_10_1016_j_eneco_2025_108298
crossref_primary_10_1016_j_eneco_2020_104883
crossref_primary_10_1016_j_eneco_2022_105931
crossref_primary_10_1017_bca_2022_19
crossref_primary_10_1007_s10668_020_00794_y
crossref_primary_10_1016_j_reseneeco_2023_101357
crossref_primary_10_1016_j_jacceco_2025_101804
crossref_primary_10_1080_14693062_2022_2054765
crossref_primary_10_1002_pam_22535
crossref_primary_10_1016_j_enpol_2024_114393
crossref_primary_10_1080_00220485_2019_1687379
crossref_primary_10_1080_14693062_2020_1805291
crossref_primary_10_1016_j_reseneeco_2021_101283
crossref_primary_10_1016_j_euroecorev_2019_103341
crossref_primary_10_1017_S1365100524000671
crossref_primary_10_1016_j_eneco_2024_108164
crossref_primary_10_1016_j_jpubeco_2014_04_016
crossref_primary_10_18267_j_cfuc_588
crossref_primary_10_1016_j_enpol_2021_112399
crossref_primary_10_1007_s10640_019_00369_0
crossref_primary_10_1016_j_chieco_2017_12_007
crossref_primary_10_1016_j_eap_2025_02_033
crossref_primary_10_1016_j_reseneeco_2023_101405
crossref_primary_10_1016_j_ijpe_2017_07_005
crossref_primary_10_1007_s11356_021_17462_x
crossref_primary_10_1016_j_reseneeco_2023_101408
crossref_primary_10_1016_j_apenergy_2023_122461
crossref_primary_10_1007_s10640_017_0173_0
crossref_primary_10_1016_j_eneco_2019_04_018
crossref_primary_10_5547_01956574_41_4_bche
crossref_primary_10_1007_s11356_023_31426_3
crossref_primary_10_1038_s41467_025_59913_w
crossref_primary_10_1016_j_bar_2025_101693
crossref_primary_10_1257_aer_104_8_2482
crossref_primary_10_1080_14693062_2019_1627180
crossref_primary_10_1002_wcc_771
crossref_primary_10_1016_j_ecolecon_2024_108163
crossref_primary_10_1016_j_asieco_2025_102011
crossref_primary_10_1016_j_eneco_2024_108170
crossref_primary_10_1093_jeea_jvac001
crossref_primary_10_3390_ijerph20032704
crossref_primary_10_1016_j_eneco_2018_08_026
crossref_primary_10_1007_s11149_018_9353_2
crossref_primary_10_1016_j_jenvman_2022_114494
crossref_primary_10_2139_ssrn_3806327
crossref_primary_10_1016_j_gloenvcha_2015_08_008
crossref_primary_10_1016_j_euroecorev_2021_103739
crossref_primary_10_1007_s10784_024_09639_9
crossref_primary_10_1016_j_reseneeco_2023_101422
crossref_primary_10_3390_su17135992
crossref_primary_10_3390_su142215375
crossref_primary_10_1007_s10640_020_00533_x
crossref_primary_10_1080_14693062_2018_1426553
crossref_primary_10_1016_j_jimonfin_2024_103215
crossref_primary_10_1016_j_jeem_2024_102992
crossref_primary_10_1007_s11356_023_28656_w
crossref_primary_10_1016_j_eneco_2018_11_032
crossref_primary_10_3917_reof_176_0121
crossref_primary_10_1016_j_jeem_2019_102253
crossref_primary_10_1111_sjoe_12323
crossref_primary_10_3389_fenvs_2021_692478
crossref_primary_10_1016_j_eneco_2025_108248
crossref_primary_10_1016_j_jenvman_2024_120306
crossref_primary_10_3917_rfe_202_0129
crossref_primary_10_1016_j_eneco_2024_107786
crossref_primary_10_1080_14693062_2018_1502145
crossref_primary_10_1016_j_eneco_2018_09_019
crossref_primary_10_1111_jfir_12472
crossref_primary_10_1111_fmii_12184
crossref_primary_10_1080_14693062_2018_1532871
crossref_primary_10_1038_s41560_022_01070_1
crossref_primary_10_1080_23270012_2024_2348467
crossref_primary_10_1016_j_jeem_2018_12_001
crossref_primary_10_1016_j_jpubeco_2017_03_006
crossref_primary_10_1038_s41598_024_72518_5
crossref_primary_10_1016_j_enpol_2015_02_023
crossref_primary_10_1016_j_jfineco_2021_06_015
crossref_primary_10_1038_s41558_021_01250_z
crossref_primary_10_3390_su141710818
crossref_primary_10_1016_j_ecolecon_2019_06_002
crossref_primary_10_1016_j_eneco_2016_06_012
crossref_primary_10_1142_S2010007820500062
crossref_primary_10_1007_s10479_021_04162_5
crossref_primary_10_1007_s10584_023_03544_x
crossref_primary_10_1086_736753
crossref_primary_10_1007_s10640_019_00326_x
crossref_primary_10_1007_s11356_022_21548_5
crossref_primary_10_1038_s41558_018_0201_2
crossref_primary_10_1016_j_eneco_2024_107556
crossref_primary_10_1093_restud_rdae055
crossref_primary_10_1515_rle_2014_0054
crossref_primary_10_1016_j_enpol_2023_113481
crossref_primary_10_1080_14693062_2016_1258630
crossref_primary_10_2139_ssrn_5221941
crossref_primary_10_1080_21683565_2018_1537986
crossref_primary_10_1016_j_enpol_2022_113187
crossref_primary_10_1080_14693062_2018_1549969
crossref_primary_10_1080_14693062_2020_1763901
crossref_primary_10_1016_j_jeem_2025_103208
crossref_primary_10_1007_s10797_021_09680_3
crossref_primary_10_1016_j_jenvman_2022_115839
crossref_primary_10_2139_ssrn_3797466
Cites_doi 10.1080/14693062.2006.9685587
10.1257/aer.100.2.105
10.1080/14693062.2006.9685590
10.1016/j.enpol.2009.12.035
10.1016/j.reseneeco.2012.05.008
10.1016/j.eneco.2007.01.020
10.1016/j.enpol.2007.09.007
10.1093/qje/qjt022
10.1257/app.2.3.158
10.1162/qjec.2007.122.4.1351
10.1257/pol.5.4.78
10.3368/le.83.4.575
10.1111/j.1468-0297.2010.02351.x
10.1257/aer.91.2.67
10.1016/j.jpubeco.2007.09.013
10.1016/j.jeem.2011.08.003
10.1007/s10640-008-9236-6
10.1016/S0304-4076(98)00009-8
10.1016/j.enpol.2013.09.032
10.1080/14693062.2011.649590
10.5547/ISSN0195-6574-EJ-Vol29-NoSI-5
10.1257/aer.104.8.2482
10.1016/j.ecolecon.2011.04.020
10.5547/ISSN0195-6574-EJ-Vol32-No4-4
10.1257/000282802760015658
ContentType Journal Article
Copyright Copyright© 2014 American Economic Association
Copyright American Economic Association Aug 2014
Copyright_xml – notice: Copyright© 2014 American Economic Association
– notice: Copyright American Economic Association Aug 2014
DBID AAYXX
CITATION
OQ6
0-V
3V.
7WY
7WZ
7X7
7XB
87Z
88C
88E
88J
8BJ
8FI
8FJ
8FK
8FL
8G5
ABUWG
AFKRA
ALSLI
AZQEC
BENPR
BEZIV
CCPQU
DWQXO
FQK
FRNLG
FYUFA
F~G
GHDGH
GNUQQ
GUQSH
JBE
K60
K6~
K9.
L.-
M0C
M0S
M0T
M1P
M2O
M2R
MBDVC
PHGZM
PHGZT
PJZUB
PKEHL
POGQB
PPXIY
PQBIZ
PQBZA
PQEST
PQQKQ
PQUKI
PRINS
PRQQA
Q9U
DOI 10.1257/aer.104.8.2482
DatabaseName CrossRef
ECONIS
ProQuest Social Sciences Premium Collection【Remote access available】
ProQuest Central (Corporate)
ProQuest ABI/INFORM Collection
ABI/INFORM Global (PDF only)
Health & Medical Collection
ProQuest Central (purchase pre-March 2016)
ABI/INFORM Collection
Healthcare Administration Database (Alumni)
Medical Database (Alumni Edition)
Social Science Database (Alumni Edition)
International Bibliography of the Social Sciences (IBSS)
ProQuest Hospital Collection
Hospital Premium Collection (Alumni Edition)
ProQuest Central (Alumni) (purchase pre-March 2016)
ABI/INFORM Collection (Alumni)
Research Library (Alumni)
ProQuest Central (Alumni)
ProQuest Central UK/Ireland
Social Science Premium Collection
ProQuest Central Essentials
ProQuest Central - New (Subscription)
Business Premium Collection
ProQuest One Community College
ProQuest Central
International Bibliography of the Social Sciences
Business Premium Collection (Alumni)
Health Research Premium Collection
ABI/INFORM Global (Corporate)
Health Research Premium Collection (Alumni)
ProQuest Central Student
ProQuest Research Library
International Bibliography of the Social Sciences
ProQuest Business Collection (Alumni Edition)
ProQuest Business Collection
ProQuest Health & Medical Complete (Alumni)
ABI/INFORM Professional Advanced
ProQuest ABI/INFORM Global
ProQuest Health & Medical Collection
Healthcare Administration Database
Medical Database
Research Library (subscription)
Social Science Database
Research Library (Corporate)
ProQuest Central Premium
ProQuest One Academic
ProQuest Health & Medical Research Collection
ProQuest One Academic Middle East (New)
ProQuest Sociology & Social Sciences Collection
ProQuest One Health & Nursing
ProQuest One Business (OCUL)
ProQuest One Business (Alumni)
ProQuest One Academic Eastern Edition (DO NOT USE)
ProQuest One Academic (retired)
ProQuest One Academic UKI Edition
ProQuest Central China
ProQuest One Social Sciences
ProQuest Central Basic
DatabaseTitle CrossRef
ProQuest Business Collection (Alumni Edition)
Research Library Prep
ProQuest Central Student
ProQuest Central Essentials
Sociology & Social Sciences Collection
ProQuest Central China
ABI/INFORM Complete
Health Research Premium Collection
Health & Medical Research Collection
ProQuest Central (New)
ProQuest Medical Library (Alumni)
Business Premium Collection
Social Science Premium Collection
ABI/INFORM Global
ProQuest One Academic Eastern Edition
ProQuest Hospital Collection
Health Research Premium Collection (Alumni)
ProQuest Business Collection
ProQuest Hospital Collection (Alumni)
ProQuest Health & Medical Complete
ProQuest Social Science Journals
ProQuest Social Sciences Premium Collection
ProQuest One Academic UKI Edition
ProQuest Health Management (Alumni Edition)
ProQuest One Academic
ProQuest One Academic (New)
ABI/INFORM Global (Corporate)
ProQuest One Business
ProQuest Sociology & Social Sciences Collection
ProQuest One Academic Middle East (New)
ProQuest Social Science Journals (Alumni Edition)
ProQuest Health & Medical Complete (Alumni)
ProQuest Central (Alumni Edition)
ProQuest One Community College
ProQuest One Health & Nursing
Research Library (Alumni Edition)
ProQuest Central
ABI/INFORM Professional Advanced
ProQuest Health & Medical Research Collection
International Bibliography of the Social Sciences (IBSS)
Health and Medicine Complete (Alumni Edition)
ProQuest Central Korea
ProQuest Research Library
ABI/INFORM Complete (Alumni Edition)
ProQuest One Social Sciences
ABI/INFORM Global (Alumni Edition)
ProQuest Central Basic
ProQuest Health Management
ProQuest Medical Library
ProQuest One Business (Alumni)
ProQuest Central (Alumni)
Business Premium Collection (Alumni)
DatabaseTitleList CrossRef
ProQuest Business Collection (Alumni Edition)
International Bibliography of the Social Sciences (IBSS)
Database_xml – sequence: 1
  dbid: BENPR
  name: ProQuest Central
  url: https://www.proquest.com/central
  sourceTypes: Aggregation Database
DeliveryMethod fulltext_linktorsrc
Discipline Economics
Law
EISSN 1944-7981
EndPage 2508
ExternalDocumentID 3394047031
816176027
10_1257_aer_104_8_2482
42920896
Genre Feature
GeographicLocations Europe
GeographicLocations_xml – name: Europe
GroupedDBID ---
--Z
-DZ
-ET
-~X
..I
0-V
1OL
23M
2AX
2FS
2KS
3EH
3R3
4.4
5GY
6J9
7WY
7X7
85S
88E
8FI
8FJ
8FL
8G5
8VB
AABCJ
AAIKC
AAMNW
AAWTO
AAXLS
AAYJJ
ABAWQ
ABBHK
ABEFU
ABEHJ
ABGFU
ABKVW
ABPFR
ABPPZ
ABPQH
ABUWG
ABXSQ
ABYYQ
ABZIE
ACHJO
ACHQT
ACIHN
ACNCT
ACUBG
ACXJH
ADBBV
ADGDI
ADJVP
ADMHG
ADULT
AEAQA
AEMOZ
AEUPB
AFAIT
AFKRA
AFTQD
AFXHP
AGKTX
AHAJD
AHQJS
AKVCP
ALIPV
ALMA_UNASSIGNED_HOLDINGS
ALSLI
APTMU
AQUVI
ARALO
ASMEE
AZQEC
BENPR
BEZIV
BPHCQ
BVXVI
CBXGM
CCKSF
CCPQU
CS3
CYVLN
DWQXO
EBA
EBD
EBE
EBO
EBR
EBS
EBU
ECR
EJD
EMK
EOH
EPL
F5P
FRNLG
FYUFA
GNUQQ
GROUPED_ABI_INFORM_RESEARCH
GUQSH
HMCUK
H~9
IPSME
JAAYA
JAS
JBC
JBMMH
JBZCM
JENOY
JHFFW
JKQEH
JLEZI
JLXEF
JPL
JPPEU
JST
K1G
K60
K6~
KOO
L7B
LU7
M0C
M0T
M1P
M2O
M2R
MRY
NHB
NLV
OK1
OMK
P-O
P2P
PHGZM
PHGZT
PQBIZ
PQBZA
PQQKQ
PRG
PROAC
PSQYO
PUQ
QWB
RNS
RXW
SA0
SJN
TH9
TN5
U5U
UHB
UKHRP
UMD
UPT
USG
WH7
X6Y
XIH
XOL
XSW
XZL
YOJ
YR5
YYQ
ZCA
ZL0
ZY4
~45
~KM
AAYXX
ABCQX
ABUFD
AFFHD
CITATION
PJZUB
PPXIY
PRQQA
.L6
AAFWJ
AAUTI
AAYOK
ABTAH
ACPVT
ACTDY
AFFDN
AFFNX
AFQQW
AGNAY
AI.
AJUXI
ALEEW
D0S
E.L
FVMVE
GUPYA
HFR
HGD
HVGLF
KQ8
MVM
OQ6
QZG
S10
TAE
UKR
VH1
VQA
XPI
YXB
YXE
YYP
ZCG
~A~
3V.
7XB
8BJ
8FK
FQK
JBE
K9.
L.-
MBDVC
PKEHL
POGQB
PQEST
PQUKI
PRINS
Q9U
PUEGO
ID FETCH-LOGICAL-c516t-b2e20f25cc7bc65458fd4a0502d032d5e7a8ac4afa9c9a84c0ae32d25c5225e83
IEDL.DBID M0C
ISICitedReferencesCount 172
ISICitedReferencesURI http://www.webofscience.com/api/gateway?GWVersion=2&SrcApp=Summon&SrcAuth=ProQuest&DestLinkType=CitingArticles&DestApp=WOS_CPL&KeyUT=000341587600008&url=https%3A%2F%2Fcvtisr.summon.serialssolutions.com%2F%23%21%2Fsearch%3Fho%3Df%26include.ft.matches%3Dt%26l%3Dnull%26q%3D
ISSN 0002-8282
IngestDate Fri Sep 05 06:35:43 EDT 2025
Mon Nov 10 06:21:06 EST 2025
Sat Mar 08 16:04:48 EST 2025
Sat Nov 29 04:48:09 EST 2025
Tue Nov 18 21:00:18 EST 2025
Thu Jul 03 21:13:33 EDT 2025
IsDoiOpenAccess false
IsOpenAccess true
IsPeerReviewed true
IsScholarly true
Issue 8
Language English
LinkModel DirectLink
MergedId FETCHMERGED-LOGICAL-c516t-b2e20f25cc7bc65458fd4a0502d032d5e7a8ac4afa9c9a84c0ae32d25c5225e83
Notes SourceType-Scholarly Journals-1
ObjectType-Feature-1
content type line 14
ObjectType-Article-2
content type line 23
OpenAccessLink https://www.aeaweb.org/articles/pdf/doi/10.1257/aer.104.8.2482
PQID 1551474224
PQPubID 42182
PageCount 27
ParticipantIDs proquest_miscellaneous_1559013943
proquest_journals_1551474224
econis_primary_816176027
crossref_citationtrail_10_1257_aer_104_8_2482
crossref_primary_10_1257_aer_104_8_2482
jstor_primary_42920896
PublicationCentury 2000
PublicationDate 2014-08-01
PublicationDateYYYYMMDD 2014-08-01
PublicationDate_xml – month: 08
  year: 2014
  text: 2014-08-01
  day: 01
PublicationDecade 2010
PublicationPlace Nashville
PublicationPlace_xml – name: Nashville
PublicationTitle The American economic review
PublicationYear 2014
Publisher American Economic Association
American Economic Assoc
Publisher_xml – name: American Economic Association
– name: American Economic Assoc
References p_49
p_45
Abrell Jan (p_1) 2011
p_47
Martin Ralf (p_39) 2014; 104
p_20
p_42
p_21
p_40
p_38
p_17
p_2
p_18
p_19
Bartik Timothy J (p_3) 2013
p_4
p_6
p_14
p_5
p_15
p_37
p_8
p_7
Ellerman A. Denny. (p_22) 2008
Bovenberg A. Lans (p_10) 2005; 36
p_31
p_53
p_54
p_11
p_33
p_51
References_xml – ident: p_40
– ident: p_42
– ident: p_51
  doi: 10.1080/14693062.2006.9685587
– ident: p_7
  doi: 10.1257/aer.100.2.105
– ident: p_20
  doi: 10.1080/14693062.2006.9685590
– ident: p_18
  doi: 10.1016/j.enpol.2009.12.035
– ident: p_14
  doi: 10.1016/j.reseneeco.2012.05.008
– ident: p_21
  doi: 10.1016/j.eneco.2007.01.020
– start-page: 13
  year: 2013
  ident: p_3
  publication-title: W.E. Upjohn Institute for Employment Research, Working Paper
– ident: p_2
  doi: 10.1016/j.enpol.2007.09.007
– ident: p_54
  doi: 10.1093/qje/qjt022
– ident: p_33
  doi: 10.1257/app.2.3.158
– volume: 36
  start-page: 951
  issue: 4
  year: 2005
  ident: p_10
  publication-title: RAND Journal of Economics
– ident: p_6
  doi: 10.1162/qjec.2007.122.4.1351
– start-page: 2011
  year: 2011
  ident: p_1
  publication-title: Bruegel Working Paper
– ident: p_49
– ident: p_15
  doi: 10.1257/pol.5.4.78
– ident: p_31
  doi: 10.3368/le.83.4.575
– ident: p_5
  doi: 10.1111/j.1468-0297.2010.02351.x
– ident: p_4
  doi: 10.1257/aer.91.2.67
– ident: p_11
  doi: 10.1016/j.jpubeco.2007.09.013
– ident: p_38
  doi: 10.1016/j.jeem.2011.08.003
– ident: p_53
  doi: 10.1007/s10640-008-9236-6
– ident: p_8
  doi: 10.1016/S0304-4076(98)00009-8
– ident: p_17
  doi: 10.1016/j.enpol.2013.09.032
– ident: p_37
  doi: 10.1080/14693062.2011.649590
– start-page: 63
  year: 2008
  ident: p_22
  publication-title: The Energy Journal 29 (S)
  doi: 10.5547/ISSN0195-6574-EJ-Vol29-NoSI-5
– volume: 104
  start-page: 2482
  issue: 8
  year: 2014
  ident: p_39
  publication-title: American Economic Review. http://dx.doi.org/10.1257/aer.
  doi: 10.1257/aer.104.8.2482
– ident: p_45
  doi: 10.1016/j.ecolecon.2011.04.020
– ident: p_19
  doi: 10.5547/ISSN0195-6574-EJ-Vol32-No4-4
– ident: p_47
  doi: 10.1257/000282802760015658
SSID ssj0000217
Score 2.570106
Snippet When regulated firms are offered compensation to prevent them from relocating, efficiency requires that payments be distributed across firms so as to equalize...
SourceID proquest
econis
crossref
jstor
SourceType Aggregation Database
Index Database
Enrichment Source
Publisher
StartPage 2482
SubjectTerms Benchmarking
Carbon
Carbon dioxide emissions
Carbon pricing
Carbon trading
Climate change
Climate change policy
Climate policy
College campuses
Compensation
Compliance
Costs
Economic theory
Emissions trading
Employment
Energy economics
Environmental policy
Free trade
Incentives
Industrial efficiency
Industrial plant emissions
Industrial regulation
Investment analysis
Location of industry
Payments
Permits
Personal finance
Pollutant emissions
Pollution control
Probability theory
Regulated industries
Regulation
Relocation
Risk
Risk management
Rules
Studies
Unemployment
Western Europe
Title Industry Compensation under Relocation Risk: A Firm-Level Analysis of the EU Emissions Trading Scheme
URI https://www.jstor.org/stable/42920896
http://www.econis.eu/PPNSET?PPN=816176027
https://www.proquest.com/docview/1551474224
https://www.proquest.com/docview/1559013943
Volume 104
WOSCitedRecordID wos000341587600008&url=https%3A%2F%2Fcvtisr.summon.serialssolutions.com%2F%23%21%2Fsearch%3Fho%3Df%26include.ft.matches%3Dt%26l%3Dnull%26q%3D
hasFullText 1
inHoldings 1
isFullTextHit
isPrint
journalDatabaseRights – providerCode: PRVPQU
  databaseName: ABI/INFORM Collection
  customDbUrl:
  eissn: 1944-7981
  dateEnd: 20190531
  omitProxy: false
  ssIdentifier: ssj0000217
  issn: 0002-8282
  databaseCode: 7WY
  dateStart: 19870301
  isFulltext: true
  titleUrlDefault: https://www.proquest.com/abicomplete
  providerName: ProQuest
– providerCode: PRVPQU
  databaseName: ABI/INFORM Global
  customDbUrl:
  eissn: 1944-7981
  dateEnd: 20190531
  omitProxy: false
  ssIdentifier: ssj0000217
  issn: 0002-8282
  databaseCode: M0C
  dateStart: 19870301
  isFulltext: true
  titleUrlDefault: https://search.proquest.com/abiglobal
  providerName: ProQuest
– providerCode: PRVPQU
  databaseName: Health & Medical Collection
  customDbUrl:
  eissn: 1944-7981
  dateEnd: 20190531
  omitProxy: false
  ssIdentifier: ssj0000217
  issn: 0002-8282
  databaseCode: 7X7
  dateStart: 19870301
  isFulltext: true
  titleUrlDefault: https://search.proquest.com/healthcomplete
  providerName: ProQuest
– providerCode: PRVPQU
  databaseName: Healthcare Administration Database
  customDbUrl:
  eissn: 1944-7981
  dateEnd: 20190531
  omitProxy: false
  ssIdentifier: ssj0000217
  issn: 0002-8282
  databaseCode: M0T
  dateStart: 19870301
  isFulltext: true
  titleUrlDefault: https://search.proquest.com/healthmanagement
  providerName: ProQuest
– providerCode: PRVPQU
  databaseName: ProQuest Central
  customDbUrl:
  eissn: 1944-7981
  dateEnd: 20190531
  omitProxy: false
  ssIdentifier: ssj0000217
  issn: 0002-8282
  databaseCode: BENPR
  dateStart: 19870301
  isFulltext: true
  titleUrlDefault: https://www.proquest.com/central
  providerName: ProQuest
– providerCode: PRVPQU
  databaseName: Research Library
  customDbUrl:
  eissn: 1944-7981
  dateEnd: 20190531
  omitProxy: false
  ssIdentifier: ssj0000217
  issn: 0002-8282
  databaseCode: M2O
  dateStart: 19870301
  isFulltext: true
  titleUrlDefault: https://search.proquest.com/pqrl
  providerName: ProQuest
– providerCode: PRVPQU
  databaseName: Social Science Database
  customDbUrl:
  eissn: 1944-7981
  dateEnd: 20190531
  omitProxy: false
  ssIdentifier: ssj0000217
  issn: 0002-8282
  databaseCode: M2R
  dateStart: 19870301
  isFulltext: true
  titleUrlDefault: https://search.proquest.com/socscijournals
  providerName: ProQuest
link http://cvtisr.summon.serialssolutions.com/2.0.0/link/0/eLvHCXMwpV1Rb9MwED7RbRK8bDCYlrFVRkLiyVviOInDy7RNrXgYZSqbKE-R4zhSBWtH0oH499y5TiaE4IUXK4odK8p3ubvPPt8BvC51gqKral5qG3MZZZaXeam4VUpHVUyrDsYVm8gmEzWb5Vd-wa31YZWdTnSKuloaWiM_caYdeZyQp3ffOFWNot1VX0JjAJvk2VBI3_vw4kETiyjr3V_kFj5pI0rpibYNbW8eq2MhlfjNKG0RE523XYDiH0raWZ7xzv--81PY9j4nO1sLyTN4ZBe78Lg7ktzuwuBS_3gO1pfx-MlISSC9daAxOmXWsKklq-duTOftl7fsjI3nzS2_pKAj1qU2YcuaoUfJRjdshAJEK3EtQ3NIBpJ9RPm4tS_gZjy6vnjHfRUGbpIoXfFSWBHWIjEmK01K-2x1JXWYhKIKY1ElNtNKG6lrnZtcK2lCRF1U-AC6dolV8R5sLJYLuw_MIB2qIptbZJXkKCq0nrbC2ZSSOhUqAN7BUBifopwqZXwtiKogbAXChteyUAXBFsCbfvzdOjnHX0fur1HtxykidimS8gD2HM59jyvgpfI0gMMO1cL_2G3xAGkAr_pu_KK0z6IXdnnvxuTkWcv44N9TvIQn6H_JdTzhIWysmnt7BFvm-2reNkMYZJ8-UzvLhrB5PppcTYdOvl17Ta344NrpLxF4_7I
linkProvider ProQuest
linkToHtml http://cvtisr.summon.serialssolutions.com/2.0.0/link/0/eLvHCXMw1V3dT9UwFD8BJMEXUZQwRK2JxqfC1nVbZ0IMwXsD4XpjEBLeZtd1yQ1wL2wXCf-Uf6PndB_EGH3jwbdlO2vS9nc-fu1pD8C7XEcIXVXyXNuQyyCxPE9zxa1SOihCWnUwrthEMh6rs7P06wL87M7CUFplZxOdoS5mhtbId5xrRx4n5Kera05Vo2h3tSuh0cDiyN7dImWrdw8_4_y-F2I4ONk_4G1VAW6iIJ7zXFjhlyIyJslNTPtGZSG1H_mi8ENRRDbRShupS52aVCtpfOyFKPAHDFUiq0JsdxEeSYnqQamC_v695RdB0ofbyGXaSyJRK3a0rWg7dVttC6nEb05wmZjvpO4SIv9wCs7TDVf_tzF6Ck_amJrtNUrwDBbsdA1WuiPX9RosjvTtc7BtmZI7RkYQ6bsDJaNTdBU7tuTV3YvjSX3-ke2x4aS65CNKqmLd1S1sVjKMmNnglA1QQWilsWbo7ikAYN8Q_5f2BZw-SF_XYWk6m9oNYAbpXhHY1CJrpkBYYXRgC2xNKaljoTzg3bRnpr2CnSqBXGRExRAmGcIEn2WmMoKJBx96-avm8pG_Sm40KOrlFBHX2BeJB-sOV_0XV6BMpbEHWx2KstZw1dk9hDx423_GEaV9JD21sxsnkxJzkOHmv5t4AysHJ19G2ehwfPQSHmOsKZvcyS1Ymlc39hUsmx_zSV29dnrE4PtDg_IXzgNXYg
linkToPdf http://cvtisr.summon.serialssolutions.com/2.0.0/link/0/eLvHCXMw1V1NT9wwEB0BRW0v_aBFpIXWlVr1ZDZxnMRBQgjBropYrRAtErfgOI60atmlyVLEX-uv64zzgaqqvXHoLYodS3beeN6zxx6A97mOELqq5Lm2IZdBYnme5opbpXRQhLTqYFyyiWQyUefn6ckS_OzOwlBYZTcnuom6mBtaIx841446TshB2YZFnByO9q6-c8ogRTutXTqNBiLH9vYG5Vu9e3SI__qDEKPhl4NPvM0wwE0UxAueCyv8UkTGJLmJaQ-pLKT2I18UfiiKyCZaaSN1qVOTaiWNjz0SBX6AtCWyKsR2l-FBItFtUtigf3DnBUSQ9NQbdU17YSRayEDbirZWt9W2kEr85hBXSQVP6y448g8H4bze6On_PF7P4EnLtdl-YxzPYcnO1uBRdxS7XoPlsb55AbZNX3LLaHJEWe_Ayuh0XcVOLXl79-J0Wn_dYftsNK0u-ZiCrVh3pQublwyZNBuesSEaDq1A1gxpABED9hnt4tK-hLN76es6rMzmM7sBzKAMLAKbWlTTRJAVsgZbYGtKSR0L5QHvIJCZ9mp2yhDyLSOJhpDJEDL4LDOVEWQ8-NjXv2ouJflrzY0GUX09RYI29kXiwbrDWF_iEpepNPZgs0NU1k5odXYHJw_e9cU4orS_pGd2fu3qpKQoZPjq3028hYeIxWx8NDl-DY-RgsompHITVhbVtd2CVfNjMa2rN86kGFzcNyZ_AaVFYCg
openUrl ctx_ver=Z39.88-2004&ctx_enc=info%3Aofi%2Fenc%3AUTF-8&rfr_id=info%3Asid%2Fsummon.serialssolutions.com&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&rft.genre=article&rft.atitle=Industry+Compensation+under+Relocation+Risk%3A+A+Firm-Level+Analysis+of+the+EU+Emissions+Trading+Scheme&rft.jtitle=The+American+economic+review&rft.au=Martin%2C+Ralf&rft.au=Mu%C3%BBls%2C+Mirabelle&rft.au=de+Preux%2C+Laure+B&rft.au=Wagner%2C+Ulrich+J&rft.date=2014-08-01&rft.pub=American+Economic+Association&rft.issn=0002-8282&rft.eissn=1944-7981&rft.volume=104&rft.issue=8&rft.spage=2482&rft_id=info:doi/10.1257%2Faer.104.8.2482&rft.externalDBID=HAS_PDF_LINK&rft.externalDocID=3394047031
thumbnail_l http://covers-cdn.summon.serialssolutions.com/index.aspx?isbn=/lc.gif&issn=0002-8282&client=summon
thumbnail_m http://covers-cdn.summon.serialssolutions.com/index.aspx?isbn=/mc.gif&issn=0002-8282&client=summon
thumbnail_s http://covers-cdn.summon.serialssolutions.com/index.aspx?isbn=/sc.gif&issn=0002-8282&client=summon