Markets for Clean Air
Subtitle: The U.S. Acid Rain Program
Publisher: Cambridge University Press
Published: June 2000
Language: eng
Format: Hardcover
Number of pages: 384
ISBN-13: 9780521660839
Subjects: Government policy; Environmental Conservation & Protection - General; Air quality management; Pollution (Economic Aspects); Environmental Science; Environmental Studies; Emissions trading; USA; Public Policy - General; Business & Economics; Economics - General; Business & Economics / Economics / General; Business & Economics-Economics - General; Emissions trading--United States; Political Science-Public Policy - General; Environmental Engineering & Technology; Environmental aspects; Chemical pollution; Environmental economics; United States; Acid Deposition (Environmental Aspects); Business/Economics; Acid rain
First sentence: More than thirty years ago, Dales (1968) demonstrated that, in theory, an emissions-trading system, in which rights to emit pollution are available in fixed and limited aggregate amount and are freely tradable, would induce rational firms to reduce pollution at the least possible cost.