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Multipollutant Markets
Oleh:
Montero, Juan-Pablo
Jenis:
Article from Bulletin/Magazine
Dalam koleksi:
The Rand Journal of Economics vol. 32 no. 4 (2001)
,
page 762-774.
Topik:
MARKETS
;
multipollutant
;
markets
Ketersediaan
Perpustakaan Pusat (Semanggi)
Nomor Panggil:
RR10.5
Non-tandon:
1 (dapat dipinjam: 0)
Tandon:
tidak ada
Lihat Detail Induk
Isi artikel
I study the optimal design of marketable permit systems to regulate various pollutants (e. g., air pollution in urban areas) when the regulator lives in a real world of imperfect information and incomplete enforcement. I show that the regulator should have pollution markets integrated through optimal exchange rates when the marginal - abatement cost curves in the different markets are steeper than the marginal - benefit curves ; otherwise he should keep markets separated. I also find that incomplete enforcement reduces the advantage of market integration.
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