first mandatory markets was the EU Emission Trading System, whose first phase ran from 2005-07. Unlike taxes, permits expose …

the European Union (EU). For this purpose we use linked applied general equilibrium models (AGE) for eleven EU member …, employment and inflation in member countries, and the cost and benefits of a cooperative approach to adhere to a EU target of … quantify the economic impact for the, EU by introducing a EU-wide tradable permit system, free of charge and based on the …

greenhouse gas entitlements and to analyse the potential impacts of these rules EU-wide as well as on the level of member states … multi-sectoral computable general equilibrium model for fourteen EU-member states. The major finding of the paper is that … EU economies allows smaller economies not to make full use of the advantages they get through the ability …