The Effect of Allowance Allocations on Cap-and-Trade System Performance
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We examine an implication of the "Coase Theorem" which has had an important impact both on environmental economics and on public policy in the environmental domain. Under certain conditions, the market equilibrium in a cap-and-trade system will be cost-effective and independent of the initial
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美国国家经济研究局创建时间：
2010-03-01
