D.W. Montgomery's scientific contributions
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Citations
... The earliest study on the pricing of carbon emission rights can be traced back to the general equilibrium model. Montgomery (1972) [14] argues that the equilibrium price of the carbon emission allowances is determined by the marginal cost of emission reduction. Liao et al. (2009) [15] believed that the consumer's willingness to pay and the marginal costs of the producer determine the equilibrium price of the market. ...
