Optimal Emission Prices Over the Business Cycles
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DOI: 10.1007/s10640-021-00581-x
Abstract: We prove that under the most typical circumstances optimal emission prices are procyclical, i.e., prices should be lower during recessions. The procyclicality is more likely when emissions propagate very slowly into environmental damage. A prime… read more here.
Keywords: emission prices; carbon price; carbon; optimal emission ... See more keywords