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Carbon trading across sources and periods constrained by the Marrakesh Accords

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  • Godal, Odd
  • Klaassen, Ger
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    File URL: http://www.sciencedirect.com/science/article/B6WJ6-4JKYTF2-1/2/854884cc8ba944d1ef210ed36a4877b4
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    Bibliographic Info

    Article provided by Elsevier in its journal Journal of Environmental Economics and Management.

    Volume (Year): 51 (2006)
    Issue (Month): 3 (May)
    Pages: 308-322

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    Handle: RePEc:eee:jeeman:v:51:y:2006:i:3:p:308-322

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    Web page: http://www.elsevier.com/locate/inca/622870

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    1. Matti Liski & Juan-Pablo Montero, 2003. "A Note on Market Power in an Emission Permits Market with Banking," Documentos de Trabajo, Instituto de Economia. Pontificia Universidad Católica de Chile. 236, Instituto de Economia. Pontificia Universidad Católica de Chile..
    2. Johan Eyckmans & Denise Van Regemorter & Vincent van Steenberghe, 2001. "Is Kyoto fatally flawed? An analysis with MacGEM," Energy, Transport and Environment Working Papers Series, Katholieke Universiteit Leuven, Centrum voor Economische Studiën, Energy, Transport and Environment ete0118, Katholieke Universiteit Leuven, Centrum voor Economische Studiën, Energy, Transport and Environment.
    3. Kling, Catherine & Rubin, Jonathan, 1997. "Bankable permits for the control of environmental pollution," Journal of Public Economics, Elsevier, Elsevier, vol. 64(1), pages 101-115, April.
    4. Jon Hovi & Ivar Areklett, 2004. "Enforcing the Climate Regime: Game Theory and the Marrakesh Accords," International Environmental Agreements: Politics, Law and Economics, Springer, Springer, vol. 4(1), pages 1-26, March.
    5. Stevens, Brandt & Rose, Adam, 2002. "A Dynamic Analysis of the Marketable Permits Approach to Global Warming Policy: A Comparison of Spatial and Temporal Flexibility," Journal of Environmental Economics and Management, Elsevier, Elsevier, vol. 44(1), pages 45-69, July.
    6. S D Flåm & O Godal, 2005. "Affine Price Expectations and Equilibrium in Strategic Markets," The School of Economics Discussion Paper Series, Economics, The University of Manchester 0505, Economics, The University of Manchester.
    7. Hahn, Robert W, 1984. "Market Power and Transferable Property Rights," The Quarterly Journal of Economics, MIT Press, MIT Press, vol. 99(4), pages 753-65, November.
    8. Nentjes, Andries & Klaassen, Ger, 2004. "On the quality of compliance mechanisms in the Kyoto Protocol," Energy Policy, Elsevier, Elsevier, vol. 32(4), pages 531-544, March.
    9. Springer, Urs, 2003. "The market for tradable GHG permits under the Kyoto Protocol: a survey of model studies," Energy Economics, Elsevier, Elsevier, vol. 25(5), pages 527-551, September.
    10. Peter Bohm, 2002. "Improving Cost-effectiveness and Facilitating Participation of Developing Countries in International Emissions Trading," International Environmental Agreements: Politics, Law and Economics, Springer, Springer, vol. 2(3), pages 261-273, September.
    11. Rubin, Jonathan D., 1996. "A Model of Intertemporal Emission Trading, Banking, and Borrowing," Journal of Environmental Economics and Management, Elsevier, Elsevier, vol. 31(3), pages 269-286, November.
    12. Hagem, Cathrine & Westskog, Hege, 1998. "The Design of a Dynamic Tradeable Quota System under Market Imperfections," Journal of Environmental Economics and Management, Elsevier, Elsevier, vol. 36(1), pages 89-107, July.
    13. Schennach, Susanne M., 2000. "The Economics of Pollution Permit Banking in the Context of Title IV of the 1990 Clean Air Act Amendments," Journal of Environmental Economics and Management, Elsevier, Elsevier, vol. 40(3), pages 189-210, November.
    14. A. Denny Ellerman & Ian Sue Wing, 2000. "Supplementarity: An Invitation to Monopsony?," The Energy Journal, International Association for Energy Economics, International Association for Energy Economics, vol. 0(Number 4), pages 29-59.
    15. Montgomery, W. David, 1972. "Markets in licenses and efficient pollution control programs," Journal of Economic Theory, Elsevier, Elsevier, vol. 5(3), pages 395-418, December.
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    Cited by:
    1. Drechsler, Martin & Hartig, Florian, 2011. "Conserving biodiversity with tradable permits under changing conservation costs and habitat restoration time lags," Ecological Economics, Elsevier, Elsevier, vol. 70(3), pages 533-541, January.
    2. Flåm, Sjur Didrik & Godal, Odd, 2007. "Market clearing and price formation," Working Papers in Economics, University of Bergen, Department of Economics 06/07, University of Bergen, Department of Economics.
    3. Cathrine Hagem & Hege Westskog, 2009. "Allocating Tradable Permits on the Basis of Market Price to Achieve Cost Effectiveness," Environmental & Resource Economics, European Association of Environmental and Resource Economists, European Association of Environmental and Resource Economists, vol. 42(2), pages 139-149, February.
    4. Phillia Restiani & Regina Betz, 2010. "A Theoretical Model of Optimal Compliance Decisions under Different Penalty Designs in Emissions Trading Markets," Environmental Economics Research Hub Research Reports, Environmental Economics Research Hub, Crawford School of Public Policy, The Australian National University 1086, Environmental Economics Research Hub, Crawford School of Public Policy, The Australian National University.
    5. Daskalakis, George & Psychoyios, Dimitris & Markellos, Raphael N., 2009. "Modeling CO2 emission allowance prices and derivatives: Evidence from the European trading scheme," Journal of Banking & Finance, Elsevier, Elsevier, vol. 33(7), pages 1230-1241, July.
    6. Raouf Boucekkine & Natali Hritonenko & Yuri Yatsenko, 2011. "Sustainable growth under pollution quotas: optimal R&D, investment and replacement policies," Working Papers, HAL halshs-00632887, HAL.

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