Kruitwagen, S.; Folmer, H.; Hendrix, E.; Hordijk, L.; … - In: Environmental & Resource Economics 16 (2000) 4, pp. 423-441
In this paper a system of `guided permit trading' is developed for SO<Subscript>2</Subscript>emissions reduction which considers permit trading as a bilateral andsequential process. This implies that in order to meet the deposition targetsat the end of the trading process, not every single trade transaction hasto meet...</subscript>