Kosobud, R.F.; South, D.W.; Daly, T.A.; Quinn, K.G. - 2008
, thereby entailing high initial carbon emission tax rates or permit prices. This paper claims that these high initial tax rates … or permit prices are not cost-effective in achieving the desired degree of climate change control. A cost …-effective permit system is proposed and described that, under certain assumptions, would allow markets to optimally lead permit prices …