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 Tradable Permits in Principle and Practice

Tom Tietenberg

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/9780195189650.003.0004
Subject:
Economics and Finance, Development, Growth, and Environmental

This essay reviews data on tradable permit systems in various contexts, including air pollution regulation, water supply, fisheries management, grazing rights allocation, water quality, and wetlands ... More


 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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