文章基本信息

标题：The benefits of cooperation under uncertainty: the case of climate change.
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作者：Thierry BRECHET ; Julien THENIE ; Thibaut ZEIMES 等
期刊名称：CORE Discussion Papers / Center for Operations Research and Econometrics (UCL), Louvain
出版年度：2010
卷号：2010
期号：1
出版社：Center for Operations Research and Econometrics (UCL), Louvain
摘要：In this paper we study the optimal growth path and its decentralization in a two-sector overlappinggenerations model with pollution. One sector (power generation) is polluting and the other (final good) is not. Pollution is regulated by tradable emission permits. The issue is whether the optimal growth path can be replicated in equilibrium with pollution permits, given that some permits must be issued free of charge for the sake of political acceptability. We provide a policy rule that allows optimality and acceptability to be reconciled.
关键词：Keywords: general equilibrium, optimal growth, pollution, tradable emission permits, acceptability.