Emissions Trading Programs

Contents: Volume I: Cost-Effectiveness Studies: A cost-effectiveness analysis of alternative air quality control strategies, Scott E. Atkinson and Donald H. Lewis; The empirical properties of 2 classes of designs for transferable discharge permit markets, Scott E. Atkinson and T.H. Tietenberg; Am empirical analysis of economic strategies for controlling air pollution, Eugene P. Seskin, Robert J. Anderson Jr and Robert O. Reid; Cost-effective policies to improve urban air quality in Santiago, Chile, RA!ul E. O'Ryan. Implementation and Evaluation: Implementation Issues: The net benefits of incentive-based regulation: a case of environmental standard setting, Wallace E. Oates, Paul R. Portney and Albert M. McGartland; Transaction costs and tradable permits, Robert N. Stavins; Environmental benefits from marketable discharge permits or an ecological vs economical perspective on marketable permits, Catherine L. Kling; US interest groups prefer emission trading: a new perspective, Gert Tinggaard. The Early Programs (1975-1990): Emissions trading: why is this thoroughbred hobbled?, Daniel J. Dudek and John Palmisano; Marketable permits: lessons for theory and practice, Robert W. Hahn and Gordon L. Hester. The Later Programs (1990-): The Sulfur Allowance Program: The market for sulfur dioxide emissions, Paul L. Joskow, Richard Schmalensee and Elizabeth M. Bailey; What can we learn from the grand policy experiment? Lessons from SO2 allowance trading, Robert N. Stavins; The environmental effects of SO2 trading and banking, Dallas Burtraw and Erin Mansur. The NOxBudget Program: The NOx budget: market-based control of tropospheric ozone in the North-Eastern United States, Alex Farrell, Roger Raufer and Kimberly Killmer. State Level Programs: Designing more efficient markets: lessons from Los Angeles smog control, Vivien Foster and Robert W. Hahn; Emission trading in theory and practice: an analysis of RECLAIM in Southern California, O. Fromm and B. Hansjurgens; State-level air emissions trading: the Michigan and Illinois models, Barry D. Solomon and Hugh S. Gorman. Climate Change: Global environment regulation: instrument choice in legal context, Jonathan Baert Wiener; Index. Volume II: Introduction: Early History: The problem of social cost, R.H. Coase; The structuring of atmospheric pollution control systems, Thomas D. Crocker; Land, water and ownership, J.H. Dales. The Theoretical Foundations: The use of standards and prices for protection of the environment, William J. Baumol and Wallace E. Oates; Markets in licences and efficient pollution control programs, W. David Montgomery; The symmetry between controlling pollution by price and controlling it by quantity, John Pezzey. Design Issues: Initial Allocations: Equilibrium properties of auctions and alternative procedures for allocation transferable permits, Randolph M. Lyon; Approaches for reaching ambient standards in non-attainment areas: financial burden and efficiency considerations, Scott E. Atkinson and Tom H. Tietenberg; When can carbon abatement policies increase welfare? The fundamental role of distorted factor markets, Ian W.H. Parry, Roberton C. Williams III and Lawrence H. Goulder; Emissions trading with shares and coupons when control over discharges is uncertain, Robert W.Godby, Stuart Mestelman, R. Andrew Muller and J. Douglas Welland. Market Power: Market power and transferable property rights, Robert W. Hahn; Exclusionary manipulation of markets for pollution rights, Walter S. Misiolek and Harold W. Elder; Tradable emission permits regulations in the presence of imperfectly competitive product markets: welfare implications, Eftichios Sophocles Sartzetakis; Tradable emission rights and strategic interaction, Nils-Hendrik Morch von der Fehr. Spatial Issues: Economic implications of emission trading rules for local and regional pollutants, Scott E. Atkinson and Tom H. Tietenberg; On marketable air pollution permits: the case for a system of pollution offsets, Alan J. Krupnick, Wallace E. Oates and Eric van den Verg; Marketable permits for the prevention of environmental deterioration, Albert M. McGartland and Wallace E. Oates; Market failure in incentive-based regulation: the case of emissions trading, Scott E. Atkinson and Tom Tietenberg; Improving efficiency in bilateral emission trading, Dallas Burtraw, Kenneth W. Harrison and Paul Turner. Temporal Issues: A model of intertemporal emission trading, banking and borrowing, Jonathan D. Rubin; Regulated firms in pollution permit markets with banking, Mark B. Kronshaw and Jamie Brown Kruse; How should an accumulative toxic substance be banned?, Michael Toman and Karen Palmer; Priority pollution rights: adapting pollution control to a variable environment, Charles W. Howe and Dwight R. Lee. Ethical Issues: Selling environmental indulgences, Robert E. Goodin; Ethical influences on the evolution of the US tradable permit approach to air pollution control, Tom Tietenberg; Index.