the consequences of regulators sequentially announcing domestic allocation caps. We find the sequential choice of domestic … allocation caps is sub-optimal and depends on the follower's reaction to the leader's choice. Furthermore, the marginal damage …

the consequences of regulators sequentially announcing domestic allocation caps. We find the sequential choice of domestic … allocation caps is sub-optimal and depends on the follower's reaction to the leader's choice. Furthermore, the marginal damage …

We analyze the implication of different allocation schemes of CO2-emission permits for stability and the success of … captures important dynamic aspects of the climate change problem. We consider seven different permit allocation schemes. Two …

free allocation of permits, which is a policy argument against grandfathering and in favor of auctioning. This effect is …

based allocation (Australia, California, New Zealand) and capacity based allocation (EU). This paper characterizes the best … output and capacity based allocation is proved to be the optimal second best policy. The EU scheme for 2013-2020 is discussed …, using cement as a case study. -- cap and trade ; output based allocation ; subsidization of capacity ; climate policy …