Böhringer, Christoph; Lange, Andreas - In: Journal of Regulatory Economics 27 (2005) 1, pp. 81-94
Starting in 2005, the EU will implement a CO<Subscript>2</Subscript> emissions trading scheme. We show that the outspoken objectives of economic efficiency and free allocation of allowances are incompatible with harmonized allocation rules. The latter would be necessary to avoid unequal changes of the financial...</subscript>