Bizer, Kilian; Henger, Ralph; Meub, Lukas; Proeger, Till - 2014
Certificate trading schemes have been discussed as a cost-efficient means of reducing land use in Germany by capping … & trade scheme for land use, whereby tradable certificates are auctioned and grandfathered in equal shares. We find the cap …. Further, the timing and location of land use projects and the heterogeneity in income across municipalities are sensitive to …