search query: @indexterm POLLUTION / total: 343
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| Author: | Cason, T. N. |
| Title: | Buyer liability and voluntary inspections in international greenhouse gas emissions trading: a laboratory study |
| Journal: | Environmental and Resource Economics
2003 : MAY, VOL. 25:1, p. 101-127 |
| Index terms: | Environmental economics Pollution |
| Language: | eng |
| Abstract: | The authors implement a buyer liability rule, so that if emissions reductions are unreliable, the buyer of the allowances cannot redeem them to cover emissions. The authors find that allowing inspections significantly increases the reliability investment rate and overall efficiency. |
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