With the advent of tradable permit programs for bad outputs (e.g., SO₂ emissions); concerns arose over whether
the theoretical gains from trade would be realized. We will employ a methodology that calculates the potential
gains accruing to coal-fired electric power plants from implementing a tradable permit program. The magnitude
of...
Full Text:
(November).
Kerr, Suzi, Mare, David C., 1998. Transaction Costs and Tradable Permit Markets: The United