Caplan, Arthur J.; Cornes, Richard C.; Silva, Emilson C. D. - In: Oxford Economic Papers 55 (2003) 2, pp. 216-234
We demonstrate that an interregional policy scheme featuring trading of carbon dioxide emissions, redistributive resource transfers and global participation, a scheme which we call 'Ideal Kyoto Protocol', yields an efficient equilibrium allocation for a global economy. An altruistic...
