Wang, Jianjun; Li, Li; Zhang, Fan; Xu, Qiannan - In: Sustainability 6 (2014) 5, pp. 2584-2600
This paper employs the quadratic directional output distance function to derive shadow prices of China’s aggregate carbon emissions at the province level between 1997 and 2010. The empirical results indicate that the national weighted average shadow price presents an “N-shape” curve across...