Edwin, Woerdman; Alessandra, Arcuri; Stefano, Clò - In: Review of Law & Economics 4 (2008) 2, pp. 565-590
Emissions trading is becoming increasingly popular in environmental law. Allowances to trade emissions can either be auctioned off or handed out free of charge by means of grandfathering. Although grandfathering is frequently used in emissions trading schemes, it is a popular view in the...