Permits, Auctions and Output

In this paper, we develop a formal model that combines point-source emitters of waste, with landholders that can provide pollution-offset activities, in one ‘environment economy’. We use the model to demonstrate the societal benefits of such a system relative to a stand-alone tradable permit scheme. In the model we explicitly consider the effect of the scheme on point-source emitters’ output.


Issue Date:
2001-01
Publication Type:
Conference Paper/ Presentation
PURL Identifier:
http://purl.umn.edu/125972
Total Pages:
40




 Record created 2017-04-01, last modified 2017-08-26

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