A Search Model for Joint Implementation
The aim of this paper is to present a search model in the field of environmental economics, where so-called clean and dirty producers enter the trading market, both looking for a partner with whom to exchange the goods they are endowed with. The model derived in this paper is rather simple. Nevertheless, it is able to produce a series of interesting results and useful insights, and is conveniently used here as a framework to explain the functioning of Joint Implementation programmes for polluting emissions’ reduction.
|Date of creation:||Oct 2009|
|Date of revision:|
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98-14, Massachusetts Institute of Technology (MIT), Department of Economics.
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