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4. Transaction costs, institutional rigidities and the size of the clean development mechanism

Author

Michaelowa, Axel and Jotzo, Frank

Subjects
Energy industry -- Laws, regulations and rules, Energy industry -- Economic aspects, Energy industry -- Environmental aspects, Government regulation, Business, Environmental issues, Petroleum, energy and mining industries, Protocol to the Framework Convention on Climate Change, 1997
Abstract

A study using a quantitative model of the Kyoto Protocol permit market is conducted to examine the impact on transaction costs and institutional rigidities in adhering to the Clean Development Mechanism (CDM).

Published
2005

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