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GTAP Resources: Resource Display

GTAP Resource #1198

"A Two-Level Dynamic Game of Carbon Emissions Trading Between Russia, China, and Annex B Countries"
by Bernard, Alain, Alain Haurie, Marc Vielle and Laurent Viguier


Abstract
This paper proposes a computable dynamic game model of the strategic competition between Russia and developing countries (DCs), mainly represented by China, on the international market of emissions permits created by the Kyoto protocol. The model uses a formulation of a demand function for permits from Annex B countries and of marginal abatement costs (MAC) in Russia and China provided by two detailed models. GEMINI-E3 is a computable general equilibrium model that provides the data to estimate Annex B demand for permits and MACs in Russia. POLES is a partial equilibrium model that is used to obtain MAC curves for China. The competitive scenario is compared with a monopoly situation where only Russia is allowed to play strategically. The impact of allowing DCs to intervene on the international emissions trading market is thus assessed.


Resource Details (Export Citation) GTAP Keywords
Category: 2003 Conference Paper
Status: Published
By/In: Presented at the 6th Annual Conference on Global Economic Analysis, The Hague, The Netherlands
Date: 2003
Version:
Created: Viguier, L. (3/24/2003)
Updated: Bacou, M. (4/9/2003)
Visits: 3,074
- Asia (East)


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