van Benthem, Arthur; Kerr, Suzi - In: Journal of Public Economics 107 (2013) C, pp. 31-46
scale increases, (2) offset discounting and (3) setting stringent baselines. With baseline scale increases, entire political … discounting means paying less than the value of abatement and can be paired with trading ratios between offsets and allowances in … a cap-and-trade system. We show that discounting is inefficient, but can make offsets more attractive to industrialized …