Bosetti, Valentina; Carraro, Carlo; Massetti, Emanuele - Fondazione ENI Enrico Mattei (FEEM) - 2008
Annex 1 countries). Less attention has been devoted to “when” flexibility, i.e. to the benefits of allowing emission permit … allowing markets to optimally allocate emission permits across regions and over time. The welfare and distributional effects of … an optimal intertemporal emission trading scheme are assessed for different initial allocation rules. Finally, the impact …