International emissions trading: Good or bad?
Using a non-cooperative climate policy game applied in the literature, we find that an agreement with international emissions trading leads to increased emissions and reduced efficiency.
References listed on IDEAS
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- Cramton Peter & Stoft Steven, 2010.
"Price Is a Better Climate Commitment,"
The Economists' Voice,
De Gruyter, vol. 7(1), pages 1-7, February.
- Peter Cramton & Steven Stoft, 2010. "Price is a Better Climate Commitment," Papers of Peter Cramton 10pbcc, University of Maryland, Department of Economics - Peter Cramton, revised 2010.
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