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| Author: | Caplan, A. J. Cornes, R. C. Silva, E. C. D. |
| Title: | An ideal Kyoto protocol: emissions trading, redistributive transfers and global participation |
| Journal: | Oxford Economic Papers
2003 : APR, VOL. 55:2, p. 216-234 |
| Index terms: | Environmental protection Air pollution Pollution control USA |
| Language: | eng |
| Abstract: | The authors demonstrate that an interregional policy scheme featuring trading of carbon dioxide emissions, redistributive resource transfers and global participation, a scheme which we call 'Ideal Kyoto Protocol', yields an efficient equilibrium allocation for a global economy. The results suggest that the USA should be 'bribed' to reverse its decision of not participating in the Kyoto Protocol. |
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