Abstract
Our knowledge about tradeable permit approaches to pollution control has grown rapidly in the two decades in which they have received serious analytical attention. Not only have the theoretical models become more focused and the empirical work more detailed, but we have now had over a decade of experience with them in the U.S. This article draws upon economic theory, empirical studies, and actual experience with implementation to summarize what we have learned about applying tradeable permits to air pollution control in the special circumstance where the spatial aspects of the problem are a prime consideration.
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Tietenberg, T. Tradeable permits for pollution control when emission location matters: What have we learned?. Environ Resource Econ 5, 95–113 (1995). https://doi.org/10.1007/BF00693018
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DOI: https://doi.org/10.1007/BF00693018