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Marketable Permits: What's all the Fuss About?*

Published online by Cambridge University Press:  28 November 2008

Robert W. Hahn Supa
Robert W. Hahn Supa
Affiliation:
Carnegie Mellon University
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Abstract

The command and control approach to government regulation of pollution is clearly not working for many problems. While the theoretical case for applying market mechanisms to control pollution as an alternative is persuasive, there are several stumbling blocks which arise in their application. This paper examines some of the key implementation issues which must be addressed in designing a marketable permit scheme. The issues are brought into focus by considering a particular example – the control of sulfur oxides emissions in Los Angeles.

Type
Articles on Regualtory Reform
Information
Journal of Public Policy , Volume 2 , Issue 4 , October 1982 , pp. 395 - 411
Copyright
Copyright © Cambridge University Press 1982

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References

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