search query: @author Montero, J. / total: 3
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| Author: | Montero, J. |
| Title: | Voluntary compliance with market-based environmental policy: evidence from the U.S. acid rain program |
| Journal: | Journal of Political Economy
1999 : OCT, VOL. 107:5, p. 998-1033 |
| Index terms: | POLITICAL ECONOMY USA ENVIRONMENTAL ECONOMICS |
| Language: | eng |
| Abstract: | The U.S. Acid Rain Program implemented a nationwide market for electric utilities' sulfur dioxide (SO2) emissions and included voluntary compliance possibilities for nonaffected sources. The author observes significant voluntary participation - albeit with small impact on the SO2 market - mostly from sources with counterfactual emissions below their allowance allocations. An ex post analysis suggests that costs from the resulting higher emissions outweigh savings from shifts in emissions reductions from high-cost affected sources ot low-cost nonaffected sources. |
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