Zaklan (2023) examines the coasean independence property in the EUETS. To test this property, the author studies whether emissions are independent from the free allowance allocation. Some allowances were given for free to all EU Member States until 2012. From 2013 allowances were fully...

Do countries interact when they decide whether or not to ratify the Kyoto Protocol? If so, what is the nature of these interactions? To answer these questions, we provide a theoretical analysis based on the notions of strategic substitutability and strategic complementarity. Firstly, we analyze...

Do countries interact when they decide whether or not to ratify the Kyoto Protocol? If so, what is the nature of these interactions? To answer these questions, we provide a theoretical analysis based on the notions of strategic substitutability and strategic complementarity. Firstly, we analyze...