• International emissions trading in a non-cooperative equilibrium 

      Holtsmark, Bjart; Sommervoll, Dag Einar (Discussion Papers;No. 542, Working paper, 2008)
      Abstract: Linkage of different countries’ domestic permit markets for pollution rights into a single international market alters governments’ incentives, and may trigger adjustments of the number of allocated permits. ...
    • Pareto-efficient climate agreements 

      Asheim, Geir B.; Holtsmark, Bjart (Discussion Papers;No. 505, Working paper, 2007)
      Abstract: Recent contributions show that climate agreements with broad participation can be implemented as weakly renegotiation-proof equilibria in simple models of greenhouse gas abatement where each country has a binary ...