Are cap-and-trade programs more environmentally effective than conventional regulation?
This paper considers the evidence and possible reasons that cap-and-trade programs are more effective in meeting environmental objectives than conventional prescriptive regulation. The evidence is based mostly, but not entirely, on the SO2 provisions of the Acid Rain Program and it consists of quick...
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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/1721.1/45008 |