Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/24299 
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dc.contributor.authorBöhringer, Christophen
dc.contributor.authorWelsch, Heinzen
dc.date.accessioned2009-02-16T14:50:57Z-
dc.date.available2009-02-16T14:50:57Z-
dc.date.issued1999-
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
dc.language.isoengen
dc.publisher|aZentrum für Europäische Wirtschaftsforschung (ZEW) |cMannheimen
dc.relation.ispartofseries|aZEW Discussion Papers |x99-13en
dc.subject.jelD58en
dc.subject.jelQ4en
dc.subject.jelQ2en
dc.subject.ddc330en
dc.subject.keywordclimate protectionen
dc.subject.keywordinternational equityen
dc.subject.keywordemissions tradingen
dc.subject.keywordeconomic welfareen
dc.subject.keywordcomputable general equilibrium modelingen
dc.subject.stwKlimaschutzen
dc.subject.stwKohlendioxiden
dc.subject.stwLuftreinhaltungen
dc.subject.stwEmissionsrechteen
dc.subject.stwWirtschaftspolitische Wirkungsanalyseen
dc.subject.stwWohlfahrtseffekten
dc.subject.stwAllgemeines Gleichgewichten
dc.subject.stwWelten
dc.titleC & C - contraction and convergence of carbon emissions: the economic implications of permit trading-
dc.typeWorking Paperen
dc.identifier.ppn853466491en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen
dc.identifier.repecRePEc:zbw:zewdip:5230en

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