emissions according to their personal preferences by withholding a part or all of the emission permits allotted to them. Such a …

demand shock, e.g. induced by abatement policy, that increases aggregate supply and thus cumulative emissions. We prove this … green paradox for a general model and then apply it to the details of EU ETS. In 2018, new rules for a Market Stability … future, are inverted by the new rules and increase cumulative emissions. We provide quantitative evidence of our result for a …

about the best policy to reduce greenhouse gas emissions. The paper's criterion for ranking policies suggests that … greenhouse gas emissions is stronger than widely believed. …

instruments: pollution taxes, pollution permits and Kyoto-like numerical rules for emissions. The setup is the basic stochastic …

carbon tax on the quantity of sulfur dioxide emissions. …

emissions leakage, which hampers countries' welfare. In order to limit leakage, governments consider supporting domestic trade … than perfectly competitive, particularly when both emissions regulations and advanced tech-nologies are new. In this …, upstream subsidies reduce abatement technology prices, and hence also emissions leakage. Moreover, as opposed to downstream …

, expected emissions reductions, and expected compliance costs. We motivate our work by examining firm-level decisions in the oil … abatement technology under either an emissions tax or a tradeable permit system than under an equivalently stringent emissions … standard. We also show that while expected incentives for innovation are comparable under emissions taxes and tradeable permit …