Klepper, Gernot; Peterson, Sonja - In: Environmental & resource economics 32 (2005) 2, pp. 205-227
treatment of hot-air. Different scenarios do not only differ in their implications for the demand and supply of permits and thus … allocation in the hot-air economies and the use of market power and quantify the resulting effects by using the computable … general equilibrium model DART. It turns out that the amount of hot-air supplied will be small if hot-air economies cooperate …