Walrasian prices in markets with tradable rights

DOI10.1007/s00199-011-0635-5zbMath1277.91127MaRDI QIDQ663214

Juan-Miguel Gracia

Publication date: 14 February 2012

Published in: Economic Theory (Search for Journal in Brave)

Full work available at URL: http://hdl.handle.net/10533/127479

zbMATH Keywords

competitive equilibrium; externalities; cap-and-trade program; consumption rights; tradable licenses

Mathematics Subject Classification ID

91B76: Environmental economics (natural resource models, harvesting, pollution, etc.)

91B54: Special types of economic markets (including Cournot, Bertrand)