From Geoff Riley comes this interesting post showing tradable permits in action
http://www.tutor2u.net/blog/index.php/economics/comments/drax-feels-the-heat-of-rising-carbon-prices/
a) What is the market failure associated with Drax?
b) To what extent does the article suggest that the tradable permits system will reduce the market failure in the long run?
Wednesday, August 06, 2008
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