In the past few years permit trading has become a popular policy instrument to achieve emissions reductions or other environmental goals at minimal cost. There are already a number of existing regimes on firm as well as on national level in which permits for SO2, NOX and CO2 emissions but also...

After Bonn and Marrakech it is likely that emission trading will be realized in the near future. Major influences on the permit market are the institutional details, the participation structure and the treatment of hot air. Different scenarios do not only differ in their implications for the...

Marginal abatement cost curves (MACCs) are a favorite instrument to analyze international emissions trading. This paper focusses on the question of how to define MACCs in a general equilibrium context where the global abatement level influences energy prices and in turn national MACCs. We...

Ökonomisch gesehen ist die natürliche Ressource Wasser ein Input, das für die Produktion bestimmter Gütern und Dienstleistungen benötigt wird. Der häufig sehr geringe monetäre Wert des Wassers spiegelt dabei die ökonomische Bedeutung nur unzureichend wider. Die Menge an Wasser,die für...