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 Are Cap‐and‐Trade Programs More Environmentally Effective than Conventional Regulation?

Ellerman A. Denny

in Moving to Markets in Environmental Regulation: Lessons from Twenty Years of Experience

Published in print:
2006
Published Online:
January 2007
ISBN:
9780195189650
eISBN:
9780199783694
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780195189650.003.0003
Subject:
Economics and Finance, Development, Growth, and Environmental

This essay explains why cap-and-trade programs (in which government establishes an overall cap on pollution but allows firms to trade allocations beneath the cap) can be both more economically ... More


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