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This paper compares the outcomes of corporate self-regulation and traditional ex-ante regulation of network access to … monopolistic bottlenecks. In the model of self-regulation, the domestic gas supplier and network owner and the monopsonistic gas …-ante regulation. We find that while industrial self-regulation leads to an exploitation of households, the effect on the foreign …
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The effectiveness of an emissions trading system in terms of reducing greenhouse gas emissions is mainly due to the magnitude of the specified emission cap. Assuming sufficient control, a quantitative emission target defined in such a way is quasi automatically achieved by the limited allocation...
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