A Two-Level Dynamic Game of Carbon Emissions Trading Between Russia, China, and Annex B Countries

A. Bernard, A. Haurie, Marc Vielle and L. Viguier

No 331073, Conference papers from Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project

Abstract: This paper proposes a computable dynamic game model of the strategic competition between Russia and developing countries (DCs), mainly represented by China, on the international market of emissions permits created by the Kyoto protocol. The model uses a formulation of a demand function for permits from Annex B countries and of marginal abatement costs (MAC) in Russia and China provided by two detailed models. GEMINI-E3 is a computable general equilibrium model that provides the data to estimate Annex B demand for permits and MACs in Russia. POLES is a partial equilibrium model that is used to obtain MAC curves for China. The competitive scenario is compared with a monopoly situation where only Russia is allowed to play strategically. The impact of allowing DCs to intervene on the international emissions trading market is thus assessed.

Keywords: Environmental Economics and Policy; International Development (search for similar items in EconPapers)
Pages: 26
Date: 2003
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Journal Article: A two-level dynamic game of carbon emission trading between Russia, China, and Annex B countries (2008)
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Persistent link: https://EconPapers.repec.org/RePEc:ags:pugtwp:331073

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