Gao, Weiyu; Madlener, Reinhard; Zweifel, Peter - CER-ETH Center of Economic Research, Department of … - 2005
technologies in liberalized markets has led to the introduction of quota-based tradable `green' certifcate (TGC) schemes for … feed-in tariffs (FIT), a price control policy. In this paper we contrast these two alternatives in terms of cost … effectiveness and social welfare, taking into account that electricity markets are not perfectly competitive. …