Publication
2002
This paper discusses the likely institutional designs for permit allocation in the international emissions trading. The authors examine different scenarios and their implications for the demand and supply of permits and thus the permit price. Moreover, they analyze the use of market power and quantify the resulting effects with and without US participation by using the computable general equlibrium model DART.
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English (PDF, 41 pages, 214 KB) |
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Author | Gernot Klepper, Sonja Peterson |
Series | Kiel Institute Working Papers |
Issue | 1133 |
Publisher | Kiel Institute for the World Economy |
Copyright | © 2002 Kiel Institute for the World Economy |