The temporal efficiency of SO₂ emissions trading

This paper provides an empirical evaluation of the temporal efficiency of the U.S. Acid Rain Program, which implemented a nationwide market for trading and banking sulfur dioxide (SO2) emission allowances. We first develop a model of efficient banking and select appropriate parameter values. Then, w...

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Bibliographic Details
Main Authors: Ellerman, A. Denny, Montero, Juan-Pablo
Other Authors: Massachusetts Institute of Technology. Center for Energy and Environmental Policy Research.
Format: Working Paper
Published: MIT Center for Energy and Environmental Policy Research 2009
Subjects:
Online Access:http://hdl.handle.net/1721.1/44984