We use historical industrial emissions data to assess the level of abatement and overallocation
that took place across European countries during the pilot phase (2005-2007)
of the European Union Emission Trading Scheme. ...
In this paper we study the optimal extraction of two fossil fuels when the economy
faces an announced constraint on CO2 emissions a la Kyoto. When high- and low-carbon
resources are perfect substitutes, announcement of ...
This paper is a first attempt to empirically measure transaction costs – a composite of administrative
costs and trading costs – of firms in the European Union's CO2 Emissions Trading Scheme (EU ETS)
during its trial ...
We study how the possibility of migration changes the composition of human capital in sending countries, and how this affects development. In our model, growth is driven by productivity growth, which occurs via imitation ...