Limiting Emissions and Trade: Some Basic Ideas

Kala Krishna ()

No 16147, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: The computable general equilibrium models used in the literature tend to be a bit of a black box. This paper provides some intuition behind what goes on in these black boxes by laying out a simple general equilibrium model and intuitively explaining what lies behind the demand for emissions. It traces out how a reduction in total emissions allowed in one country aspects the general equilibrium and the determinants of the extent of leakage in the model as well as more generally. It concludes with some implications for policy.

JEL-codes: F18 (search for similar items in EconPapers)
Date: 2010-07
New Economics Papers: this item is included in nep-ene and nep-env
Note: EEE
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Citations: View citations in EconPapers (2)

Published as Limiting Emissions and Trade: Some Basic Ideas , Kala Krishna. in The Design and Implementation of US Climate Policy , Fullerton and Wolfram. 2012

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Chapter: Limiting Emissions and Trade: Some Basic Ideas (2011)
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