期刊名称：CORE Discussion Papers / Center for Operations Research and Econometrics (UCL), Louvain
出版年度：2009
卷号：1
出版社：Center for Operations Research and Econometrics (UCL), Louvain
摘要：In this paper we give an example in which the price of tradeable emission permits
increases despite firms' adoption of a less polluting technology. This is in contrast with
Montero (2002) and Parry (1998), among others. If two Counot players switch to a
cleaner technology, the price for permits may increase due to an increase in the net
demand for permits and a decrease in net supply of permits after the clean technology is
adopted. This is only the case when output demand is elastic.
