Please use this identifier to cite or link to this item: https://scholarbank.nus.edu.sg/handle/10635/132300
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dc.titlePermit trading and stability of international climate agreements
dc.contributor.authorAltamirano-Cabrera, J.-C.
dc.contributor.authorFinus, M.
dc.date.accessioned2016-12-13T05:30:54Z
dc.date.available2016-12-13T05:30:54Z
dc.date.issued2006-05
dc.identifier.citationAltamirano-Cabrera, J.-C., Finus, M. (2006-05). Permit trading and stability of international climate agreements. Journal of Applied Economics 9 (1) : 19-47. ScholarBank@NUS Repository.
dc.identifier.issn15140326
dc.identifier.urihttp://scholarbank.nus.edu.sg/handle/10635/132300
dc.description.abstractWe analyze the implication of different allocation schemes of CO2-emission permits for stability and the success of international climate agreements. Our model combines a game theoretical with an empirical module that comprises 12 world regions and captures important dynamic aspects of the climate change problem. We consider seven different permit allocation schemes. Two "pragmatic schemes" allocate permits according to a uniform emission reduction quota, five "equitable schemes" allocate permits based on some normative criteria frequently discussed in the literature permit trading can raise participation and the success of climate agreements, but pragmatic schemes are superior to equitable ones.
dc.sourceScopus
dc.subjectClimate agreements
dc.subjectCoalition formation
dc.subjectSelf-enforcing agreements
dc.subjectTradable emission permits
dc.typeArticle
dc.contributor.departmentECONOMICS
dc.description.sourcetitleJournal of Applied Economics
dc.description.volume9
dc.description.issue1
dc.description.page19-47
dc.identifier.isiutNOT_IN_WOS
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