Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/24299
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dc.contributor.authorBöhringer, Christophen_US
dc.contributor.authorWelsch, Heinzen_US
dc.date.accessioned2009-02-16T14:50:57Z-
dc.date.available2009-02-16T14:50:57Z-
dc.date.issued1999en_US
dc.identifier.urihttp://hdl.handle.net/10419/24299-
dc.description.abstractIn the context of climate protection policy it has been suggested that global CO2 emissions should be reduced significantly (contraction) and that per capita emissions should gradually be equalized across countries (convergence). This paper uses a dynamic multi-region computable general equilibrium model of the world economy to assess the economics of ?Contraction and Convergence? (C&C). In comparing a regime of tradable and non-tradable emission rights forimplementing C&C we find that the former allows to reduce long-term costs of abatement in terms of Hicksian equivalent variation in lifetime income by more than 50% percent in comparison with the latter. Under a tradable permit regime some developing countries improve their economic welfare even beyond non-abatement baseline levels. A decomposition of the general equilibrium effects associated with C&C shows that changes in the terms of trade constitute a key determinant of the overall welfare effects.en_US
dc.language.isoengen_US
dc.publisher|aZentrum für Europäische Wirtschaftsforschung (ZEW) |cMannheimen_US
dc.relation.ispartofseries|aZEW Discussion Papers |x99-13en_US
dc.subject.jelD58en_US
dc.subject.jelQ4en_US
dc.subject.jelQ2en_US
dc.subject.ddc330en_US
dc.subject.keywordclimate protectionen_US
dc.subject.keywordinternational equityen_US
dc.subject.keywordemissions tradingen_US
dc.subject.keywordeconomic welfareen_US
dc.subject.keywordcomputable general equilibrium modelingen_US
dc.subject.stwKlimaschutzen_US
dc.subject.stwKohlendioxiden_US
dc.subject.stwLuftreinhaltungen_US
dc.subject.stwEmissionsrechteen_US
dc.subject.stwWirtschaftspolitische Wirkungsanalyseen_US
dc.subject.stwWohlfahrtseffekten_US
dc.subject.stwAllgemeines Gleichgewichten_US
dc.subject.stwWelten_US
dc.titleC & C - contraction and convergence of carbon emissions: the economic implications of permit tradingen_US
dc.typeWorking Paperen_US
dc.identifier.ppn853466491en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
dc.identifier.repecRePEc:zbw:zewdip:5230-

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