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Banking Permits: Economic Efficiency and Distributional Effects
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Short Description: traders find it optimal to bank permits, when banking is socially optimal ..... market in the no-banking scenario. It pictures the emission constraint faced ...
Content Inside: Banking Permits: Economic Efficiency and Distributional Effects Valentina Bosetti, Carlo Carraro and Emanuele Massetti NOTA DI LAVORO 1.2008 JANUARY 2008 CCMP Climate Change Modelling and Policy Valentina Bosetti, Fondazione Eni Enrico Mattei Carlo Carraro, Fondazione Eni Enrico Mattei, University of Venice, CEPR, CESifo and CEPS Emanuele Massetti, Fondazione Eni Enrico Mattei and Catholic University, Milan This paper can be downloaded without charge at: The Fondazione Eni Enrico Mattei Note di Lavoro Series Index: http://www.feem.it/Feem/Pub/Publications/WPapers/default.htm Social Science Research Network Electronic Paper Collection: http://ssrn.com/abstract=XXXXXX The opinions expressed in this paper do not necessarily reflect the position of Fondazione Eni Enrico Mattei Corso Magenta, 63, 20123 Milano (I), web site: www.feem.it, e-mail: working.papers@feem.it
