January 16, 2011

A Welfare Model for a Global Carbon Market Under Uncertain Information

by Arnaud Leconte and Tiziana Pagano

- This paper presents a Welfare model in the context of a global carbon market with uncertain information. The objective is to analyse whether a global carbon market could achieve a fair distribution of resources and risks in the framework of four sets of energy and climate scenarios at 2030 and 2100 time horizons. The agents in the model are households, firms, and a public institution.

Leconte, A. and T. Pagano (2010). "A Welfare Model for a Global Carbon Market Under Uncertain Information." USAEE-IAEE Working Paper No. 10-062, Available at SSRN, Dec 2010.