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The Kyoto Protocol allows international emissions trading, which could take place in three different forms: government, permit, or credit trading. Which trading system is chosen is likely to depend on the preferences of several interest groups. In this paper, we give empirical evidence on the...
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We build a two regions general equilibrium model with cross-border pollution and either international or only inter …-regional capital mobility. To control pollution each region uses public pollution abatement and issues either intra-regionally or inter … emission permits and we examine when and how cross-border pollution and the type of capital mobility affect these equilibrium …
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We consider international negotiations on the level of global pollution, and examine the Lindahl solution which … determines the distribution of the pollution permits with unanimous agreement. We show various properties to clarify difficulties …
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