into account potential linkages between the Kyoto emissions market and the EU ETS. We find that Russia may have incentives …, Russia can exert monopolistic price discrimination between two separated markets thereby maximizing revenues from hot air …

diverse set of policies related to climate change. We analyse the potential efficiency losses from simultaneous application of …

-specific segmentation of national emission budgets between trading sectors and non-trading sectors will determine the cost efficiency of the …

of economic efficiency and free allocation of allowances are incompatible with harmonized allocation rules. In general …

Agreement. Based on numerical simulations for Germany, we illustrate the efficiency drawback of hybrid carbon regulation which …

simple model is used to show that import competition may stimulate growth by reducing the market power of domestic innovators …. Specifically, import competition forces domestic innovators to chose between either quickening their pace of innovation or being … displaced by foreign innovators. The pro-growth effect of import competition is shown to be welfare-increasing. The paper …