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Detail
ArtikelMultipollutant 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 artikelI 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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