Klepper, Gernot; Peterson, Sonja - Kiel Institute for the World Economy - 2002
their allocative effects. Most repercussions can be expected to stem from the effects on the world markets for fossil fuel … and especially the oil market. For example the withdrawal of the USA from the Kyoto Protocol and the allocation mechanism … scenario are to a large degree determined by its effects on world energy demand and world energy prices. Both findings imply …