Titlebook: Emissions Trading; Institutional Design Ralf Antes,Bernd Hansjürgens,Peter Letmathe Book 20081st edition Springer-Verlag New York 2008 Busi

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OATH

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tive with underlying economic principles.Contributions from .Emissions trading challenges the management of companies in an entirely new manner: Not only does it, like other market-based environmental policy instruments, allow for a bigger flexibility in management decisions concerning emission issu

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Wohlgeordnete Mengen und das Auswahlaxiom,wever, the MUDA is not able to restrict market power. We observe persistent price discrimination in both market power environments, i.e. the distribution of profits is strongly shifted in favor of the strong market side without greatly harming efficiency.

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