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dc.contributor.authorBöhringer, Christophen_US
dc.contributor.authorWelsch, Heinzen_US
dc.description.abstractThe allocation of emissions entitlements across countries is the single most controversial issue in international climate policy. Extreme positions within the policy debate range from entitlement based on current emission patterns (CEP) to equal-per-capita (EPC) allocations.Convergence (COV) from an initial CEP allocation towards EPC emission rights represents a reconciliation of the two. This paper maintains that the acceptability of alternative entitlement schemes depends on their implications for economic welfare and uses a dynamic multi-region general equilibrium model for a comparative economic assessment of the above allocation rules. We find welfare implications for the varius regions to be strongly influenced by changes in the terms of trade. Especially, regions may experience considerable welfare losses even under entitlement schemes which impose no binding emission constraint on them. Among the arrangements examined, COV cum emissions trading stands out for offering the developing countries substantial incentives for paticipation in the international greenhouse gas abatement effort without imposing excessive burdens on the industrialized countries.en_US
dc.publisherZentrum für Europäische Wirtschaftsforschung (ZEW) Mannheim-
dc.relation.ispartofseriesZEW Discussion Papers 01-65en_US
dc.subject.keywordclimate policyen_US
dc.subject.keywordeconomic welfareen_US
dc.subject.keywordinternational equityen_US
dc.subject.keywordemissions tradingen_US
dc.subject.keywordcomputable general equilibrium modelingen_US
dc.subject.stwWirtschaftspolitische Wirkungsanalyseen_US
dc.subject.stwAllgemeines Gleichgewichten_US
dc.titleContraction of global carbon emissions: how acceptable are alternative emission entitlement schemesen_US
dc.typeWorking Paperen_US
Appears in Collections:ZEW Discussion Papers, Zentrum für Europäische Wirtschaftsforschung (ZEW)
Publikationen von Forscherinnen und Forschern des Zentrums für Europäische Wirtschaftsforschung (ZEW)

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