We derive an enforcementstrategy for a transferable permit system inthe presence of market power that achievescomplete compliance in a cost-effective manner.We show that the presence of a firm with marketinfluence makes designing an enforcementstrategy more difficult than enforcing aperfectly...

The European Emissions Trading Scheme (ETS) limits CO2 emissions from covered sectors, especially electricity until December 2007, after which a new set of Allowances will be issued. The paper demonstrates that the impact of controlling the quantity rather than the price of carbon is to reduce...

This paper provides an overview of current government schemes promoting corporate reporting of greenhouse gas (GHG) emissions and analyses their main building blocks. It describes the drivers and challenges for governments, companies and investors in dealing with GHG reporting and includes 4...

Do firms reduce employment when their insiders (established, incumbent employees) claim higher wages? The conventional answer in the theoretical literature is that insider power has no influence on employment, provided that the newly hired employees (entrants) receive their reservation wages....

Climate variability has been observed over a long period of time and is considered a natural process occurring on Earth. Climate change, however, is attributed directly or indirectly to human activity that alters the composition of the global atmosphere in addition to natural phenomena. Global...

Climate variability has been observed over a long period of time and is considered a natural process occurring on Earth. Climate change, however, is attributed directly or indirectly to human activity that alters the composition of the global atmosphere in addition to natural phenomena. Global...

This document discusses the impact that global climate change has on food production both globally and in Latin America and the Caribbean. The author discusses environmental issues including extreme temperatures, water scarcity, flooding, and soil erosion. Using available information, this...