Emission tax vs. permit trading under bounded rationality and dynamic markets
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DOI: 10.1016/j.enpol.2020.112009
Abstract: Abstract A price on emissions can be achieved through an emission tax or permit trading. The advantages and drawbacks of either instrument are debated. We present an agent-based model to compare their performance under bounded… read more here.
Keywords: bounded rationality; tax permit; emission tax; permit ... See more keywords