Climate mitigation credits have mobilized considerable resources for projects in developing countries, but similar funding to adapt to climate change has yet to emerge. The Copenhagen Accord targets up to US$50 billion per year in adaptation funding, but commitments to date have been trivial...

Competition and efficiency is at the core of economic theory. This volume collects papers of leading scholars, which extend the conventional general equilibrium model in important ways: Efficiency and price regulation are studied when markets are incomplete and existence of equilibria in such...

Beginning in 2005 over 12,000 industrial facilities throughout the European Union were granted allowances to emit carbon dioxide, the most common of greenhouse gases. A trade-able asset, these allocations will be but the first in what is likely to be an ever stricter limitation on greenhouse gas...