Eichner, Thomas; Pethig, Rüdiger - 2009
(1994) who show in a different analytical framework that the optimal carbon
tax need not necessarily be falling.
3
that the …-and-standard scheme or through
an emissions trading system. Given the high level of abstraction of our model all these
policies of … implementing an emissions cap are equivalent. To simplify the exposition we
refer to emissions trading only in the subsequent …