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different institutional arrangements, through the initial allocation of permits …
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the consequences of regulators sequentially announcing domestic allocation caps. We find the sequential choice of domestic … allocation caps is sub-optimal and depends on the follower's reaction to the leader's choice. Furthermore, the marginal damage …
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of the system, under various institutional arrangements, through the initial allocation of permits. -- tradable permits …
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We build a two regions general equilibrium model with cross-border pollution and either international or only inter-regional capital mobility. To control pollution each region uses public pollution abatement and issues either intra-regionally or inter-regionally tradable emission permits. We...
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