Changes in the Firms Behavior after the Opening of Markets of Allowances 1

نویسنده

  • Antoine Mandel
چکیده

This paper focuses on the influence of the opening of markets of allowances, such as the European Union Emission Trading Scheme, on the general equilibrium of an economy. Assuming there existed an equilibrium before the opening of these markets, we describe the changes in the firms behavior which guarantee that an equilibrium can be reached in the enlarged economy. Hence we describe under which conditions the economy can undergo the opening of markets of allowances.

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Changes in the firms behavior after the opening of markets of allowances

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تاریخ انتشار 2012