Kemfert, Claudia; Kohlhaas, Michael; Truong, Truong; … - In: Climate Policy 6 (2006) 4, pp. 441-455
In this article, we analyse the effects of emissions trading in Europe, with special reference to Germany. We look at the value of the flexibility gained by trading compared to fixed quotas. The analysis is undertaken with a modified version of the GTAP-E model using the latest GTAP version 6...