Sanz, Nicolas; Schwartz, Sonia - Centre d'Études et de Recherche en Économie, Gestion, … - 2011
This paper investigates if pollution permit markets are harmful for employment within a Wage Setting-Price Setting (WS … the pollution permit auction. We first show that a permit market weakens the union market power. Whatever the way that … unemployment benefits are financed, the choice of the pollution cap is always neutral on the employment levels, and these latter …