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There is extreme heterogeneity of firms regulated under the European Emissions Trading Scheme (EU ETS) in terms of emissions evels and employed technology. We present a model that shows that behavior of firms under quantity regulation can differ strongly, dependent on the characteristics of the...
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to compare the transaction costs structure applied in Peru with respect to the ones applied in the USA, and over a few … transaction costs than trading the same portfolio in the USA. These comparatively high transaction costs prevent retail investors …
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