Emission of uniformly dispersed greenhouse gases in construed here as a cooperative production game, featuring side-payments, quata exchange, uncertainty, and multi-period planning. Stochastic programming offers good instruments to analyze such games. Absent efficient markets for emissions, such...

We formulate a simple static equilibrium model for the electricity market taking account of both Green certificated and CO2-emission permits. The objective is to investigate the relationship between these markets under the existence of upper and lower price-bounds on the Green certificates, both...