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Author: | Ermoliev, Y. Michalevich, M. Nentjes, A. |
Title: | Markets for tradeable emission and ambient permits: A dynamic approach |
Journal: | Environmental and Resource Economics
2000 : JAN, VOL. 15:1, p. 39-56 |
Index terms: | Markets Environment Pollution Costs Control |
Freeterms: | Trading |
Language: | eng |
Abstract: | This paper discusses mechanisms of trade in pollution permit markets. Among others, there are proofs given that sequential, bilateral trade in tradable emissions permits converges to a market equilibrium with minimal total costs of pollution control. |
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