A Note on Tradeable Permits

2005 ◽  
Vol 31 (2) ◽  
pp. 123-131 ◽  
Author(s):  
A. Denny. Ellerman
Keyword(s):  
Tradeable Permits

Modelli economici di allocazione delle risorse idriche: l'analisi del mercato cileno dei water rights

2009 ◽  
pp. 37-68
Author(s):  
Chiara Redaelli
Keyword(s):  
Water Policy ◽  
Water Rights ◽  
Water Markets ◽  
Efficient Allocation ◽  
Tradeable Permits ◽  
Market Mechanisms ◽  
Potential Benefits ◽  
Wide Scale ◽  
The Many ◽  
Jel Classifications

Market instruments have been often proposed with the aim of improving the efficient allocation of use rights over natural resources. This article analyzes the potential of market mechanisms in the field of water resources and focuses attention on the experience of Chile, one of the few cases in which water markets have been implemented on a wide scale. Evidence from the Chilean case is discussed in order to verify theoretical hypotheses and to outline the potential benefits but also the many drawbacks of these instruments.Key words: Water policy, water markets, tradeable permits.JEL classifications: Q25, Q58.Parole chiave: Risorse idriche, mercati ambientali, permessi trasferibili.

FIRMS? CHARACTERISTIC AND EQUILIBRIUM WITH TRADEABLE PERMITS MARKET

2007 ◽  
Vol 46 (2) ◽  
pp. 109-121 ◽  
Author(s):  
PIERRE-ANDRÉ JOUVET ◽  
PHILIPPE MICHEL ◽  
GILLES ROTILLON
Keyword(s):  
Tradeable Permits

scholarly journals An Interim Evaluation of Sulfur Dioxide Emissions Trading

1998 ◽  
Vol 12 (3) ◽  
pp. 53-68 ◽  
Author(s):  
Richard Schmalensee ◽  
Paul L Joskow ◽  
A. Denny Ellerman ◽  
Juan Pablo Montero ◽  
Elizabeth M Bailey
Keyword(s):  
Sulfur Dioxide ◽  
Acid Rain ◽  
Large Scale ◽  
Emissions Trading ◽  
Tradeable Permits ◽  
Abatement Costs ◽  
Sulfur Dioxide Emissions ◽  
Acid Rain Program ◽  
The U.S

This paper summarizes recent empirical research on compliance costs and strategies and on permit market performance under the U.S. acid rain program, the first large-scale, long-term program to use tradeable emissions permits to control pollution. An efficient market for emissions permits developed in a few years, and this program more than achieved its early goals on time, and it cost less than had been projected. Because of expectation errors, however, investment was excessive, and permit prices substantially understate abatement costs. The tradeable permits approach has worked well, but it is not a miracle cure for environmental problems. Coauthors are Paul L. Joskow, A. Denny Ellerman, Juan Pablo Montero, and Elizabeth M. Bailey.

Emission Trading in Theory and Practice: An Analysis of RECLAIM in Southern California

1996 ◽  
Vol 14 (3) ◽  
pp. 367-384 ◽  
Author(s):  
O Fromm ◽  
B Hansjürgens
Keyword(s):  
Environmental Policy ◽  
Acid Rain ◽  
Southern California ◽  
Emission Trading ◽  
Theory And Practice ◽  
Tradeable Permits ◽  
Acid Rain Program ◽  
Economic Background ◽  
First Results ◽  
Permit System

After the national Acid Rain Program, Southern California's tradeable permit system RECLAIM is the second comprehensive attempt in US environmental policy to create a workable system of tradeable permits. In this paper analyses of the most important regulations, of the environmental, legal, and economic background, and of the first results of this program are provided. The focus is on the conditions under which this instrument of environmental policy can be effective in practice.

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