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Implementing tradable permits for sulfur oxides emissions : a case study in the South Coast Air Basin

Cass, Glen R. and Hahn, Robert W. and Noll, Roger G. (1982) Implementing tradable permits for sulfur oxides emissions : a case study in the South Coast Air Basin. California Institute of Technology , Pasadena, CA. (Unpublished)

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Tradable emissions permits have important theoretical advantages over source-specific technical standards as a means for controlling pollution. Nonetheless, difficulties can arise in trying to implement an efficient, competitive market in emissions permits. Simple workable versions of the market concept may fail to achieve the competitive equilibrium, or to take account of important complexities in the relationship between the pattern of emissions and the geographical distribution of pollution. Existing regulatory law may severely limit the range of market opportunities that states can adopt. This report examines the feasibility of tradable permits for controlling particulate sulfates in the Los Angeles airshed. Although the empirical part of the paper deals with a specific case, the methods developed have general applicability. Moreover, the particular market design that is proposed -- an auction process that involves no net revenue collection by the state -- has attractive features as a general model.

Item Type:Report or Paper (Technical Report)
Group:Environmental Quality Laboratory
Record Number:CaltechEQL:EQL-R-22
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Usage Policy:You are granted permission for individual, educational, research and non-commercial reproduction, distribution, display and performance of this work in any format.
ID Code:25726
Deposited By: Imported from CaltechEQL
Deposited On:06 May 2004
Last Modified:26 Dec 2012 13:47

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