50 Shades of Green Part II: The Fallacy of Environmental Markets

2019 ◽  
Author(s):  
Frederic Hache
Keyword(s):  
Environmental Markets ◽  
Green Part

ENVIRONMENTAL MARKETS: WHAT DO WE LEARN FROM THE LAB?

2013 ◽  
Vol 27 (3) ◽  
pp. 515-535 ◽  
Author(s):  
Lana Friesen ◽  
Lata Gangadharan
Keyword(s):  
Environmental Markets

Equilibrium Price Dynamics of Emission Permits

2018 ◽  
Vol 53 (4) ◽  
pp. 1653-1678 ◽  
Author(s):  
Steffen Hitzemann ◽  
Marliese Uhrig-Homburg
Keyword(s):  
Option Pricing ◽  
Empirical Evidence ◽  
Equilibrium Model ◽  
Equilibrium Price ◽  
Contingent Claims ◽  
Emission Permits ◽  
Emission Permit ◽  
Environmental Markets ◽  
Forward Price ◽  
Highly Nonlinear

This article presents a stochastic equilibrium model for environmental markets that allows us to study the characteristic properties of emission permit prices induced by the design of today’s cap-and-trade systems. We characterize emission permits as highly nonlinear contingent claims on economy-wide emissions and reveal their hybrid nature between investment and consumption assets. Our model makes predictions about the dynamics and volatility structure of emission permit prices, the forward price curve, and the implications for option pricing in this market. Empirical evidence from existing emissions markets shows that the model explains the stylized facts of emission permit prices and related derivatives.

Lessons Learned from Cultural Features in Kibbutz Industries

2020 ◽  
Vol 19 (1) ◽  
pp. 88-121 ◽  
Author(s):  
Yaffa Moskovich
Keyword(s):  
Document Analysis ◽  
Lessons Learned ◽  
Competitive Market ◽  
Human Relationships ◽  
Environmental Markets ◽  
Ethnographic Interviews ◽  
Management Orientation ◽  
Cultural Features ◽  
Future Management

Abstract Research was conducted in a non-privatized community at T Kibbutz Industries. Its aim was to analyze the unique T factory culture and to understand its covert source. The study develops a typology of cultural features observed at kibbutz industries (based on four previous case studies, with focus on T Industries) that can also be applied to other businesses. Research was conducted using qualitative methods, namely a case study including ethnographic interviews and document analysis. The findings identified an organizational culture embodying two contradicting traditions: socialistic and capitalistic values and norms. The former comprised collective principles, transparent information, teamwork, egalitarian and amicable human relationships and future management orientation, while the latter upheld professionalism, innovation, creativity and global aspirations. The managers’ ability to overcome the conflictual culture yielded an open and innovative organization that responded well to competitive environmental markets. The case study was analyzed through development of the typology first devised by Cameron and Quinn (1999, reprinted 2010), perceiving T Industries according to its clanlike, bureaucratic and competitive market attributes, whereas other kibbutz industries studied are more compatible with the combination of bureaucratic and competitive market features.

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