Emissions trading to combat climate change: The impact of scheme design on transaction costs

Preprint OPEN
Betz, Regina;
  • Subject: Climate policy, emission trading, transaction costs, New institutional Economics, European Emissions Trading Scheme, Clean Development Mechanism, Environmental Economics and Policy, International Relations/Trade, Resource /Energy Economics and Policy,

This paper explores the likely impact of emissions trading design on transaction costs. Transaction costs include both the costs for the private sector to comply with the scheme rules and the costs of scheme administration. In economic theory transaction costs are often... View more
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