haku: @journal_id 7 / yhteensä: 1856
viite: 268 / 1856
| Tekijä: | Joskow, P. |
| Otsikko: | The market for sulfur dioxide emissions |
| Lehti: | American Economic Review
1998 : SEP, VOL. 88:4, p. 669-685 |
| Asiasana: | MARKETS USA ECONOMICS |
| Kieli: | eng |
| Tiivistelmä: | The 1990 Clean Air Act Amendments initiated the first large-scale use of the tradeable permit approach to pollution control. The theoretical case for this approach rests on the assumption of an efficient market for emission rights. The empirical analysis shows that the emission rights market created by the 1990 Amendments had become reasonably efficient by mid-1994. The authors also show that the auctions specified in the Amendments to jump-start trading had become a small part of the overall market. |
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