ISSN:
1573-1502
Keywords:
air pollution
;
cost-effectiveness
;
economic instruments
;
emission trading
;
exchange rates
;
trading rules
;
transferable discharge permits
Source:
Springer Online Journal Archives 1860-2000
Topics:
Energy, Environment Protection, Nuclear Power Engineering
,
Economics
Notes:
Abstract The use of a system of transferable discharge permitsto control the harmful effects of non-uniformly mixedpollutants requires the application of trading rulesin order to prevent permit trading among sources fromviolating environmental standards. The elements andproperties of bilateral trading rules can be analyzedmore easily once formulated as exchange rates, whichwould convert, in a cost-effective way, the emissionright potentially given up by the seller into an offsetting emission right acquired by the buyer. Inthis article, a new expression for such exchange ratesis proposed and then analyzed to infer someunexplored properties of the system.
Type of Medium:
Electronic Resource
URL:
http://dx.doi.org/10.1023/A:1008372531567
