Emissions Trading and Profit-Neutral Grandfathering.
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...
| Κύριοι συγγραφείς: | , , |
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| Μορφή: | Working paper |
| Γλώσσα: | English |
| Έκδοση: |
Department of Economics (University of Oxford)
2006
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