Buonanno, Paolo; Carraro, Carlo; Castelnuovo, Efrem; … - C.E.P.R. Discussion Papers - 2000
of ceilings on emission trading. In particular, we analyse the implications of restrictions on trading both in terms of … environmental technical change that could be enhanced by the presence of ceilings on trading. However, this effect is shown to be … offset by the increased abatement cost induced by the larger than optimal adoption of domestic policy measures when ceilings …