Voluntary Compliance with Market‐Based Environmental Policy: Evidence from the U. S. Acid Rain Program

1999 ◽  
Vol 107 (5) ◽  
pp. 998-1033 ◽  
Author(s):  
Juan‐Pablo Montero
1996 ◽  
Vol 14 (3) ◽  
pp. 367-384 ◽  
Author(s):  
O Fromm ◽  
B Hansjürgens

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.


Science ◽  
1991 ◽  
Vol 251 (4999) ◽  
pp. 1302-1305 ◽  
Author(s):  
L. ROBERTS
Keyword(s):  

Science ◽  
1991 ◽  
Vol 252 (5012) ◽  
pp. 1475-1475 ◽  
Author(s):  
C. BERNABO
Keyword(s):  

1995 ◽  
Vol 29 (10) ◽  
pp. 454A-454A
Author(s):  
DANIEL SHANNON
Keyword(s):  

2005 ◽  
Vol 77 (3) ◽  
pp. 252-266 ◽  
Author(s):  
Lauraine G. Chestnut ◽  
David M. Mills

Science ◽  
1991 ◽  
Vol 252 (5004) ◽  
pp. 371-371 ◽  
Author(s):  
L. ROBERTS
Keyword(s):  

Science ◽  
1991 ◽  
Vol 252 (5012) ◽  
pp. 1474-1475 ◽  
Author(s):  
T. F. MALONE
Keyword(s):  

2000 ◽  
Vol 38 (3) ◽  
pp. 627-633 ◽  
Author(s):  
Peter Cramton

Markets for Clean Air is the definitive text on the U.S. acid rain program. This innovative program uses a cap-and-trade approach, rather than the traditional command-and-control approach, to reduce sulfur dioxide emissions. The authors conclude that the program was successful in cutting the costs of SO2 emission reductions by about half, saving tens of billions of dollars. Both scholars and policy makers will have a better sense of the virtues and pitfalls of market-based regulation after reading this.


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