Berg, Elin; Kverndokk, Snorre; Rosendahl, Knut Einar - In: The Energy Journal Volume18 (1997) Number 4, pp. 33-71
We present an intertemporal equilibrium model for fossil fuels, and study the effects on oil prices, extraction paths and oil wealth of an international carbon tax on fossil fuel consumption Our conclusion is that a carbon tax will hurt OPEC more than other producers, as the cartel is induced by...