Emissions trading and profit-neutral grandfathering

Emissions trading and profit-neutral grandfathering

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This paper examines the amount of grandfathering needed for an emissions trading scheme (ETS) to have a neutral impact on firm profits. We provide a simple formula to calculate profit-neutral grandfathering in a Cournot model with firms of different sizes and a general demand function. Using this fo...

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Những tác giả chính:	Hepburn, C, Quah, J, Ritz, R
Định dạng:	Working paper
Được phát hành:	University of Oxford 2006

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