Bernard, Alain.; Paltsev, Sergey.; Reilly, John M.; … - 2003
impact of market power by Russia and Ukraine is largely dependent on the elasticity of demand for permits. Finally, we focus … turns out that Russia is a central player in the Kyoto Protocol. With the U.S. out and Japan and the EU ratifying, the … credits from Russia. With the U.S. out, Russian credits are worth much less but Russia may be able to exploit monopoly power …