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We investigate the importance of 'what'-flexibility on top of 'where'- and 'when'-flexibility for alternative emission control schemes that prescribe long-term temperature targets and eventually impose additional constraints on the rate of temperature change. We find that 'what'-flexibility...
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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 …
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