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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Format: | Working Paper |
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MIT Center for Energy and Environmental Policy Research
2009
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Online Access: | http://hdl.handle.net/1721.1/44984 |