Klepper, Gernot; Peterson, Sonja - In: Resource and energy economics 28 (2006) 1, pp. 1-23
Marginal abatement cost curves (MACCs) are a favorite instrument to analyze international emissions trading. This paper focusses on the question of how to define MACCs in a general equilibrium context where the global abatement level influences energy prices and in turn national MACCs. We...