All pages with keywords: cap-and-trade
The price vs quantity debate: climate policy and the role of business cycles
What is the optimal instrument design and choice for a regulator attempting to control emissions by private agents in face of uncertainty arising from business cycles? In applying Weitzman’s result … read more »
Which is better: carbon tax or cap-and-trade?
Which is better: carbon tax or cap-and-trade? read more »
Carbon trading: unethical, unjust and ineffective?
Cap-and-trade systems for greenhouse gas emissions are an important part of the climate change policies of the EU, Japan, New Zealand, among others, as well as China (soon) and … read more »
Designing carbon markets. Part I: carbon markets in time
This paper analyses the design of carbon markets in time (i.e., intertemporally). It is part of a twin set of papers that ask, starting from first principles, what an … read more »
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