Arbeitspapier
International emissions trading with endogenous taxes
Abstract: Motivated by the climate problem, this paper examines some effects of international cap & trade when national quotas result from strategic choice. In contrast to the fairly optimistic tone of closely related literature, the tenor of our results is pessimistic. We find that though an international permit market may flourish, it will mainly redistribute income. As far as emissions reductions are concerned, the classical, rather inefficient, noncooperative outcome will prevail, regardless of the presence of cap & trade.
- Sprache
-
Englisch
- Erschienen in
-
Series: Discussion Papers ; No. 626
- Klassifikation
-
Wirtschaft
Noncooperative Games
Externalities
Climate; Natural Disasters and Their Management; Global Warming
- Thema
-
International emissions trading
global externality
endogenous endowments
emissions taxes.
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Godal, Odd
Holtsmark, Bjart
- Ereignis
-
Veröffentlichung
- (wer)
-
Statistics Norway, Research Department
- (wo)
-
Oslo
- (wann)
-
2010
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:44 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
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Objekttyp
- Arbeitspapier
Beteiligte
- Godal, Odd
- Holtsmark, Bjart
- Statistics Norway, Research Department
Entstanden
- 2010
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