Staff Publications

Staff Publications

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    'Staff publications' is the digital repository of Wageningen University & Research

    'Staff publications' contains references to publications authored by Wageningen University staff from 1976 onward.

    Publications authored by the staff of the Research Institutes are available from 1995 onwards.

    Full text documents are added when available. The database is updated daily and currently holds about 240,000 items, of which 72,000 in open access.

    We have a manual that explains all the features 

Record number 347487
Title Permit trading and stability of international climate agreements
Author(s) Altamirano-Cabrera, J.C.; Finus, M.
Source Journal of Applied Economics 9 (2006)1. - ISSN 1514-0326 - p. 19 - 47.
Department(s) Environmental Economics and Natural Resources Group
WIMEK
Publication type Refereed Article in a scientific journal
Publication year 2006
Keyword(s) emission permits
Abstract We analyze the implication of different allocation schemes of CO2-emission permits for stability and the success of international climate agreements. Our model combines a game theoretical with an empirical module that comprises 12 world regions and captures important dynamic aspects of the climate change problem. We consider seven different permit allocation schemes. Two ¿pragmatic schemes¿ allocate permits according to a uniform emission reductio quota, five ¿equitable schemes¿ allocate permits based on some normative criteria frequently discussed in the literature permit trading can raise participation and the success of climate agreements, but pragmatic schemes are superior to equitable ones.
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