Lee, Sang-Ho; Park, Sang-Ha - In: International Journal of Business and Economics 4 (2005) 3, pp. 249-261
This paper examines the role of product differentiation within the model of Sartzetakis (1997, 2004) and shows that consumer surplus may be reduced under a tradable emission permits system rather than a command and control system when there is a high degree of product differentiation or less...