Download This PaperA General Equilibrium Cost-Benefit Rule for Green Certificates
3 Pages Posted: 19 Dec 2016
Date Written: December 9, 2016
Abstract
I embed a electricity certificate system, mandating that a certain fraction of total electricity production must come from renewable sources, in a stylized competitive economy and derive a general equilibrium cost-benefit rule from perturbing the regulation. The welfare consequences (ignoring distributional effects) of the perturbation are compactly summarized in a simple formula.
Keywords: general equilibrium, cost-benefit
JEL Classification: D50, D61
Suggested Citation: Suggested Citation
Kriström, Bengt, A General Equilibrium Cost-Benefit Rule for Green Certificates (December 9, 2016). CERE Working Paper, 2016-19, Available at SSRN: https://ssrn.com/abstract=2887277 or http://dx.doi.org/10.2139/ssrn.2887277
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