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This timely book deals with the problem of pricing passenger and freight transportation within Europe. The contributors argue that current legislation affecting pricing and regulation is increasingly less successful in dealing with market failures and externalities such as congestion, air...
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This paper examines the efficiency and distributional impacts of introducing a price floor in an emissions trading … system (ETS) when environmental regulation is partitioned. We theoretically characterize the conditions under which a price …, we find that moderate minimum price levels in the EU ETS can reduce the costs of EU climate policy by up to thirty …
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