This paper examines the efficiency and distributional impacts of introducing a price floor in an emissions trading … system (ETS) when environmental regulation is partitioned. We theoretically characterize the conditions under which a price … floor enhances welfare. Using a multi-country multi-sector numerical general equilibrium model of the European carbon market …

Economists tend to view a uniform emissions price as the most cost-effective approach to reducing greenhouse gas … more than private actors. Employing analytical and numerical general equilibrium models, we show that a uniform carbon … price is efficient only under restrictive assumptions about technology homogeneity and intertemporal decision-making. Non …

Economists tend to view a uniform emissions price as the most cost-effective approach to reducing greenhouse gas … more than private actors. Employing analytical and numerical general equilibrium models, we show that a uniform carbon … price is efficient only under restrictive assumptions about technology homogeneity and intertemporal decision-making. Non …

Economists tend to view a uniform emissions price as the most cost-effective approach to reducing greenhouse gas … more than private actors. Employing analytical and numerical general equilibrium models, we show that a uniform carbon … price is efficient only under restrictive assumptions about technology homogeneity and intertemporal decision-making. Non …

Economists tend to view a uniform emissions price as the most cost-effective approach to reducing greenhouse gas … more than private actors. Employing analytical and numerical general equilibrium models, we show that a uniform carbon … price is efficient only under restrictive assumptions about technology homogeneity and intertemporal decision-making. Non …