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Varieties of Emission Trading - Testing Hall and Soskice’s Varieties of Capitalism Theory through the Introduction and Use of the European Emission Trading Scheme in Germany and the United Kingdom

Bickel, Anne Lotta (2015) Varieties of Emission Trading - Testing Hall and Soskice’s Varieties of Capitalism Theory through the Introduction and Use of the European Emission Trading Scheme in Germany and the United Kingdom.

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Abstract:Hall and Soskice’s theory of the Varieties of Capitalism is a relatively new approach that has not been tested coherently so far. The theory divides market economies into Liberal Market Economies (LMEs) and Coordinated Market Economies (CMEs). Both are said to have their specific characteristics in regard to how firms react to external pressures. This thesis aims to test this theory qualitatively and exemplary by looking at the introduction and use of the European Emissions Trading Scheme (EU ETS) from 2004 to 2013. As test subjects, the CME country Germany and the LME country of the United Kingdom (UK) have been chosen. Two hypotheses have been formulated from the theory to first test the introduction of the EU ETS concerning its legal integration as well as the political and public debate surrounding the EU ETS, including its participants and the acceptance of the scheme by firms in the two countries. Furthermore, three hypotheses are tested for the specific use of the EU ETS by firms in the respective states. It will be argued, that there were differences in the introduction and use of the EU ETS and most of these differences can be at least partially explained through Hall and Soskice’s theory.
Item Type:Essay (Master)
Faculty:BMS: Behavioural, Management and Social Sciences
Subject:70 social sciences in general, 83 economics, 88 social and public administration, 89 political science
Programme:European Studies MSc (69303)
Link to this item:https://purl.utwente.nl/essays/66702
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