Mandell, Svante; Wråke, Markus; Myers, Erica C.; … - Transportekonomi, Väg- och Transportforskninginstitut (VTI) - 2009
An important feature in the design of an emissions trading program is how emissions allowances are initially distributed into the market. In a competitive market the choice between an auction and free allocation should, according to economic theory, not have any influence on firms’ production...
