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Table of Contents
Market-based experiment
A political history of federal acid rain legislation
The political economy of allowance allocations
The pre-1995 trend in SO₂ emissions
Title IV compliance and emission reductions, 1995-97
Emissions trading: the effect on abatement behavior
Emissions trading: development of the allowance market
Title IVs voluntary compliance program
Cost of compliance with title IV in phase I
Cost savings from emissions trading
Errors, imperfections, and allowance prices
Concluding observations.
A political history of federal acid rain legislation
The political economy of allowance allocations
The pre-1995 trend in SO₂ emissions
Title IV compliance and emission reductions, 1995-97
Emissions trading: the effect on abatement behavior
Emissions trading: development of the allowance market
Title IVs voluntary compliance program
Cost of compliance with title IV in phase I
Cost savings from emissions trading
Errors, imperfections, and allowance prices
Concluding observations.