Arbeitspapier
International emissions trading in a non-cooperative equilibrium
Linkage of different countries' domestic permit markets for pollution rights into a single international market alters governments' incentives, and may trigger adjustments of the number of allocated permits. First, this work finds that in a non-cooperative equilibrium, international emissions trading is likely to increase the total emissions. Second, although trading will give a more efficient cross-country allocation of emissions, efficiency may nevertheless fall, because an already inefficiently low abatement level is likely to be further reduced. Third, we find that large countries are likely to experience losses from linking their permit markets to the permit markets of smaller countries.
- Sprache
-
Englisch
- Erschienen in
-
Series: Discussion Papers ; No. 542
- Klassifikation
-
Wirtschaft
Noncooperative Games
International Agreements and Observance; International Organizations
Climate; Natural Disasters and Their Management; Global Warming
- Thema
-
Emissions trading
efficiency
non-cooperative games
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Holtsmark, Bjart J.
Sommervoll, Dag Einar
- Ereignis
-
Veröffentlichung
- (wer)
-
Statistics Norway, Research Department
- (wo)
-
Oslo
- (wann)
-
2008
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:42 MEZ
Datenpartner
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Objekttyp
- Arbeitspapier
Beteiligte
- Holtsmark, Bjart J.
- Sommervoll, Dag Einar
- Statistics Norway, Research Department
Entstanden
- 2008
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