Hintermayer, Martin; Schmidt, Lukas; Zinke, Jonas - 2020
Recently, several articles rely on marginal abatement cost (MAC) curves to analyze the EU ETS. While the assumptions on … MAC curves drive the results, the prevailing literature on the EU ETS does not take the shape of MAC curves into account …. This paper discusses the implications of MAC curve properties for the EU ETS. With a partial equilibrium model of the …