The paper proposes a critical discussion of the 'market' mindset that is centred on epistemological concerns relative to its increasing application to matters which predominantly involve moral choices. The issue of climate change is explicitly defined in terms of ethical responsibility to future...

This paper studies interactions between a "policy bloc's" emissions quota market and an offset market where emissions offsets can be purchased from a non-policy "fringe" of countries (such as for the Clean Development Mechanism under the Kyoto Protocol). Policy-bloc firms enjoy free quota...