Transferable discharge permits and economic efficiency: The fox river

Transaction costs and sequential bargaining in transferable discharge permit markets

“…Several authors have noted the disappointing performance of several quasi-market programs (Dudek and Palmisano, 1988;Hahn, 1989;Hahn and Hester, 1989). Others have concluded that the actual efficiency gains available with realistic market institutions will fall far short of those available in theory (Atkinson and Tietenberg, 1991;Bohi and Burtraw, 1991;Burtraw et al, 1998;Hahn and May, 1994;Krupnick et al, 1991;O'Neil et al, 1983;McGartland and Oates, 1985;Stavins, 1995). This paper extends the work of Braden et al (1994) and Netusil and Braden (1993) to provide further evidence on the limitations of TDP markets.…”

Abatement costs in response to the Swedish charge on nitrogen oxide emissions

“…Abatement cost is often assumed to be a function of either the emission level [24,25] or of the abated emission units [26,27]. Dasgupta et al [28] note the need to include variables that control for scale effects and differences in individual characteristics when estimating an abatement cost function.…”

A Pollution Offset System for Trading Non-Point Source Water Pollution Permits

“…The literature is dominated by point source emission or ambient permit trading systems (Neil, David, Moore, & Joeres, 1983;Eheart, Brill, Lence, Kilgore, & Uber, 1987;Leston, 1992;Weber, 2000;Hung & Shaw, 2005). We discuss three types of non-point source discharge permits trading system proposed to date: an ambient permit system, a trading ratio system and a zonal permit system.…”