Carmona, René; Fehr, Max; Hinz, Juri; Porchet, Arnaud - Université Paris-Dauphine (Paris IX) - 2010
The main thrust of the paper is the design and the numerical analysis of new cap- and-trade schemes for the control and … results of cap- and-trade schemes to the Business As Usual benchmark. In particular, we confirm the presence of windfall profits …