Galeotti, Marzio; Buonanno, Paolo; Carraro, Carlo; … - 2000
ceilings on emission trading. In particular, we analyse the implications of restrictions on trading both in terms of their cost … change that could be enhanced by the presence of ceilings on trading. However, this effect is shown to be offset by the … increased abatement cost induced by the larger than optimal adoption of domestic policy measures when ceilings are binding …