• Trading for the Future: Signaling in Permit Markets 

      Eskeland, Gunnar S.; Harstad, Bård (CICERO Working Paper;2007:01, Working paper, 2007)
      Tradable pollution permits are celebrated as a political instrument since they allow (i) firms to equalize marginal abatement costs through trade and (ii) they government to distribute the burden of the policy in a politically ...