Godal, Odd; Ermoliev, Yuri; Klaassen, Ger; Obersteiner, … - In: Environmental & Resource Economics 25 (2003) 2, pp. 151-169
The Kyoto Protocol foresees emission trading but does not yet specify verification of (uncertain) emissions. This paper analyses a setting in which parties can meet their emission targets by reducing emissions, by investing in monitoring (reducing uncertainty of emissions) or by (bilaterally)...