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Marketable Permits: What's All the Fuss About?

Hahn, Robert W. (1981) Marketable Permits: What's All the Fuss About? Social Science Working Paper, 380. California Institute of Technology , Pasadena, CA.

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While the theoretical case for applying market mechanisms to control pollution is persuasive, there are several stumbling blocks which arise in their application. This paper examines some of the key implementation issues which must be addressed in designing a marketable permit scheme. The issues are brought into focus by considering a particular example—the control of sulfur oxides emissions in Los Angeles.

Item Type:Report or Paper (Working Paper)
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Additional Information:The work reported here was supported in part by the California Air Resources Board. This paper has benefited from discussions with Jim Krier, Eric Lemke and Roger Noll. The views expressed herein, including any remaining errors, are solely the responsibility of the author. Published as Robert W. Hahn. "Marketable Permits: What's All the Fuss About?." Journal of Public Policy 2.4 (1982): 395-411.
Group:Social Science Working Papers
Funding AgencyGrant Number
California Air Resources BoardUNSPECIFIED
Subject Keywords:Pollutant emissions, Emissions reduction, Emissions policy, Emission standards, Air pollution, Industrial regulation, Sulfur oxides, Emissions regulations, Environmental pollution, Air quality
Series Name:Social Science Working Paper
Issue or Number:380
Record Number:CaltechAUTHORS:20171005-153552933
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Usage Policy:No commercial reproduction, distribution, display or performance rights in this work are provided.
ID Code:82134
Deposited By: Jacquelyn Bussone
Deposited On:06 Oct 2017 17:58
Last Modified:03 Oct 2019 18:51

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