Markets for Clean Air
Subtitle: The U.S. Acid Rain Program
Publisher: Cambridge University Press
Published: November 17, 2005
Language: eng
Format: Paperback
Number of pages: 384
ISBN-13: 9780521023894
Subjects: Chemical pollution; Economics - General; Business & Economics; Environmental Studies; Business/Economics; USA; Environmental Science; Public Policy - General; Business & Economics / Economics / General; Business & Economics-Economics - General; Emissions trading--United States; Emissions trading--United States Emissions tr; Political Science / Public Policy; Science-Environmental Science
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.