Our basic model is a noncooperative multi-player game in which the governments of neighboring counties trade emission reductions. We prove the existence of a market equilibrium (combining properties of Pareto and Nash equilibria) and study algorithms of searching a market equilibrium. The...

The debate on the European Union Emissions Trading Scheme (EU ETS) is blurred, over-simplified and sometimes misguided. There appears to be confusion about what the EU ETS should deliver, whether it is effective in doing so, and how the scheme should be characterized. In our paper we aim to...

The paper gives a benefit-cost analysis of ammonia emission control policy in TheNetherlands. Particular care has been given to calculation of the health benefits. Adose-response relationship between air pollution and the number of work loss dayshas been estimated by applying the one-way...

The greenhouse gas emissions trading scheme in the European Union primarily uses grandfathering until 2012, which means that polluters get emission rights free of charge based on their historical emissions. Energy consumers accuse energy producers of making windfall profits by incorporating the...

The concept of international tradable carbon permits has been discussed in scientific circles for over ten years. Since mid 1996, however, it has become a subject of more than just academic interest. The main reason for this change is to be found in the U.S. Draft Protocol to the Framework...

The concept of international tradable carbon permits has been discussed in scientific circles for over ten years. Since mid 1996, however, it has become a subject of more than just academic interest. The main reason for this change is to be found in the U.S. Draft Protocol to the Framework...