The Regulatory Strategy in Emissions Trading System under Costly Enforcement
In a two-stage dynamic game of regulator and polluting firms, the optimal regulatory strategy to achieve a fixed aggregate emissions target cost-effectively in emissions trading system was studied under the context of costly monitoring and sanctioning, including the monitoring level, the aggregate s...
| Main Authors: | , , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Hindawi Limited
2014-01-01
|
| Series: | Mathematical Problems in Engineering |
| Online Access: | http://dx.doi.org/10.1155/2014/487912 |