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Persistent link: https://www.econbiz.de/10005015345
Our basic model is a noncooperative multi-player game in which the governments of neighboring counties trade emission reductions. We prove the existence of a market equilibrium (combining properties of Pareto and Nash equilibria) and study algorithms of searching a market equilibrium. The...
Persistent link: https://www.econbiz.de/10005837863
Persistent link: https://www.econbiz.de/10005742212
This paper discusses trade mechanisms in pollutionpermit markets. Proofs are given, that sequential,bilateral trade in tradeable emissions permitsconverges to a market equilibrium with minimal totalcosts of pollution control. If ambient or depositionpermits are traded, the convergence of...
Persistent link: https://www.econbiz.de/10005722027