Efficiency gains from integrated multipollutant trading
Author
Abstract
Suggested Citation
DOI: 10.1016/j.reseneeco.2018.01.005
Download full text from publisher
As the access to this document is restricted, you may want to search for a different version of it.
References listed on IDEAS
- Lawrence H. Goulder & Robert N. Stavins, 2011. "Challenges from State-Federal Interactions in US Climate Change Policy," American Economic Review, American Economic Association, vol. 101(3), pages 253-257, May.
- Arun S. Malik & David Letson & Stephen R. Crutchfield, 1993. "Point/Nonpoint Source Trading of Pollution Abatement: Choosing the Right Trading Ratio," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 75(4), pages 959-967.
- Burtraw, Dallas & Krupnick, Alan & Palmer, Karen & Paul, Anthony & Toman, Michael & Bloyd, Cary, 2003. "Ancillary benefits of reduced air pollution in the US from moderate greenhouse gas mitigation policies in the electricity sector," Journal of Environmental Economics and Management, Elsevier, vol. 45(3), pages 650-673, May.
- R. H. Coase, 2013.
"The Problem of Social Cost,"
Journal of Law and Economics, University of Chicago Press, vol. 56(4), pages 837-877.
- Ronald H. Coase, 1960. "The Problem of Social Cost," Palgrave Macmillan Books, in: Chennat Gopalakrishnan (ed.), Classic Papers in Natural Resource Economics, chapter 5, pages 87-137, Palgrave Macmillan.
- Kevin Novan, 2017.
"Overlapping Environmental Policies and the Impact on Pollution,"
Journal of the Association of Environmental and Resource Economists, University of Chicago Press, vol. 4(S1), pages 153-199.
- Novan, Kevin, 2016. "Overlapping Environmental Policies and the Impact on Pollution," 2016 Conference (60th), February 2-5, 2016, Canberra, Australia 235422, Australian Agricultural and Resource Economics Society.
- Don Fullerton & Daniel H. Karney, 2014.
"Multiple Pollutants, Uncovered Sectors, and Suboptimal Environmental Policies,"
NBER Working Papers
20334, National Bureau of Economic Research, Inc.
- Don Fullerton & Dan Karney, 2014. "Multiple Pollutants, Uncovered Sectors, and Suboptimal Environmental Policies," CESifo Working Paper Series 4891, CESifo.
- Rolf Färe & Shawna Grosskopf & Carl A. Pasurka & William L. Weber, 2012. "Substitutability among undesirable outputs," Applied Economics, Taylor & Francis Journals, vol. 44(1), pages 39-47, January.
- Ambec, Stefan & Coria, Jessica, 2013.
"Prices vs quantities with multiple pollutants,"
Journal of Environmental Economics and Management, Elsevier, vol. 66(1), pages 123-140.
- Ambec, Stefan & Coria, Jessica, 2011. "Prices vs Quantities with Multiple Pollutants," LERNA Working Papers 11.17.351, LERNA, University of Toulouse.
- Ambec, Stefan & Coria, Jessica, 2011. "Prices vs Quantities with Multiple Pollutants," Working Papers in Economics 517, University of Gothenburg, Department of Economics.
- Karen Fisher-Vanden & Sheila Olmstead, 2013. "Moving Pollution Trading from Air to Water: Potential, Problems, and Prognosis," Journal of Economic Perspectives, American Economic Association, vol. 27(1), pages 147-172, Winter.
- James Bushnell & Carla Peterman & Catherine Wolfram, 2008.
"Local Solutions to Global Problems: Climate Change Policies and Regulatory Jurisdiction,"
Review of Environmental Economics and Policy, Association of Environmental and Resource Economists, vol. 2(2), pages 175-193, Summer.
- Bushnell, James & Peterman, Carla & Wolfram, Catherine, 2008. "Local Solutions to Global Problems: Climate Change Policies and Regulatory Jurisdiction," Staff General Research Papers Archive 13125, Iowa State University, Department of Economics.
- Muller, Nicholas Z., 2012. "The design of optimal climate policy with air pollution co-benefits," Resource and Energy Economics, Elsevier, vol. 34(4), pages 696-722.
- Richard D. Horan & James S. Shortle, 2005. "When Two Wrongs Make a Right: Second-Best Point-Nonpoint Trading Ratios," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 87(2), pages 340-352.
- Montero, Juan-Pablo, 2001. "Multipollutant Markets," RAND Journal of Economics, The RAND Corporation, vol. 32(4), pages 762-774, Winter.
- Woodward, Richard T., 2011.
"Double-dipping in environmental markets,"
Journal of Environmental Economics and Management, Elsevier, vol. 61(2), pages 153-169, March.
- Woodward, Richard T, 2010. "Double Dipping in Environmental Markets," MPRA Paper 26185, University Library of Munich, Germany.
- Beavis, Brian & Walker, Martin, 1983. "Achieving environmental standards with stochastic discharges," Journal of Environmental Economics and Management, Elsevier, vol. 10(2), pages 103-111, June.
- Goulder, Lawrence H. & Jacobsen, Mark R. & van Benthem, Arthur A., 2012. "Unintended consequences from nested state and federal regulations: The case of the Pavley greenhouse-gas-per-mile limits," Journal of Environmental Economics and Management, Elsevier, vol. 63(2), pages 187-207.
- John K. Stranlund & Insung Son, 2019.
"Prices Versus Quantities Versus Hybrids in the Presence of Co-pollutants,"
Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 73(2), pages 353-384, June.
- Stranlund, John K. & Son, Insung, 2015. "Prices versus Quantities versus Hybrids in the Presence of Co-pollutants," 2015 AAEA & WAEA Joint Annual Meeting, July 26-28, San Francisco, California 205422, Agricultural and Applied Economics Association.
- Richard D. Horan & James S. Shortle, 2017. "Endogenous Risk and Point-Nonpoint Uncertainty Trading Ratios," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 99(2), pages 427-446.
- Agee, Mark D. & Atkinson, Scott E. & Crocker, Thomas D. & Williams, Jonathan W., 2014. "Non-separable pollution control: Implications for a CO2 emissions cap and trade system," Resource and Energy Economics, Elsevier, vol. 36(1), pages 64-82.
- Richard Schmalensee, 1993.
"Comparing Greenhouse Gases for Policy Purposes,"
The Energy Journal, International Association for Energy Economics, vol. 0(Number 1), pages 245-256.
- Richard Schmalensee, 1993. "Comparing Greenhouse Gases for Policy Purposes," The Energy Journal, , vol. 14(1), pages 245-255, January.
- Ribaudo, Marc, 2009. "Agriculture and Water Quality Trading: Exploring the Possibilities," Amber Waves:The Economics of Food, Farming, Natural Resources, and Rural America, United States Department of Agriculture, Economic Research Service, pages 1-1, March.
- Sheila M. Olmstead, 2010. "The Economics of Managing Scarce Water Resources," Review of Environmental Economics and Policy, Association of Environmental and Resource Economists, vol. 4(2), pages 179-198, Summer.
- Moslener, Ulf & Requate, Till, 2007.
"Optimal abatement in dynamic multi-pollutant problems when pollutants can be complements or substitutes,"
Journal of Economic Dynamics and Control, Elsevier, vol. 31(7), pages 2293-2316, July.
- Moslener, Ulf & Requate, Till, 2005. "Optimal Abatement in Dynamic Multi-Pollutant Problems When Pollutants can be Complements or Substitutes," ZEW Discussion Papers 05-27, ZEW - Leibniz Centre for European Economic Research.
- Moslener, Ulf & Requate, Till, 2005. "Optimal Abatement in Dynamic Multipollutant Problems when Pollutants can be Complements or Substitutes," Economics Working Papers 2005-03, Christian-Albrechts-University of Kiel, Department of Economics.
- Nicholas Z. Muller & Robert Mendelsohn, 2009. "Efficient Pollution Regulation: Getting the Prices Right," American Economic Review, American Economic Association, vol. 99(5), pages 1714-1739, December.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Carson Reeling & Richard D. Horan & Cloé Garnache, 2018. "Multi-Pollutant Point-Nonpoint Trading with Participation Decisions: The Role of Transaction Costs," CESifo Working Paper Series 7152, CESifo.
- Fabio Antoniou & Panos Hatzipanayotou & Nikos Tsakiris, 2021. "Strategic Export Motives and Linking Emission Markets," CESifo Working Paper Series 8847, CESifo.
- Li, Zhi & Liu, Pengfei & Swallow, Stephen K., 2022. "The performance of multi-type environmental credit trading markets: Lab experiment evidence," Journal of Environmental Economics and Management, Elsevier, vol. 111(C).
- Carson Reeling & Richard D. Horan & Cloé Garnache, 2020. "When the Levee Breaks: Can Multi‐Pollutant Markets Break the Dam on Point–Nonpoint Market Participation?," American Journal of Agricultural Economics, John Wiley & Sons, vol. 102(2), pages 625-640, March.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Carson Reeling & Richard D. Horan & Cloé Garnache, 2020. "When the Levee Breaks: Can Multi‐Pollutant Markets Break the Dam on Point–Nonpoint Market Participation?," American Journal of Agricultural Economics, John Wiley & Sons, vol. 102(2), pages 625-640, March.
- John K. Stranlund & Insung Son, 2019.
"Prices Versus Quantities Versus Hybrids in the Presence of Co-pollutants,"
Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 73(2), pages 353-384, June.
- Stranlund, John K. & Son, Insung, 2015. "Prices versus Quantities versus Hybrids in the Presence of Co-pollutants," 2015 AAEA & WAEA Joint Annual Meeting, July 26-28, San Francisco, California 205422, Agricultural and Applied Economics Association.
- Crago, Christine L. & Stranlund, John K., 2015. "Optimal regulation of carbon and co-pollutants with spatially differentiated damages," 2015 AAEA & WAEA Joint Annual Meeting, July 26-28, San Francisco, California 205594, Agricultural and Applied Economics Association.
- Carson Reeling & Richard D. Horan & Cloé Garnache, 2018. "Multi-Pollutant Point-Nonpoint Trading with Participation Decisions: The Role of Transaction Costs," CESifo Working Paper Series 7152, CESifo.
- Fabio Antoniou & Efthymia Kyriakopoulou, 2019. "On the Strategic Effect of International Permits Trading on Local Pollution," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 74(3), pages 1299-1329, November.
- Fullerton, Don & Karney, Daniel H., 2018. "Multiple pollutants, co-benefits, and suboptimal environmental policies," Journal of Environmental Economics and Management, Elsevier, vol. 87(C), pages 52-71.
- James Shortle & Richard D. Horan, 2013. "Policy Instruments for Water Quality Protection," Annual Review of Resource Economics, Annual Reviews, vol. 5(1), pages 111-138, June.
- Don Fullerton & Daniel H. Karney, 2014.
"Multiple Pollutants, Uncovered Sectors, and Suboptimal Environmental Policies,"
NBER Working Papers
20334, National Bureau of Economic Research, Inc.
- Don Fullerton & Dan Karney, 2014. "Multiple Pollutants, Uncovered Sectors, and Suboptimal Environmental Policies," CESifo Working Paper Series 4891, CESifo.
- Antoniou, Fabio & Kyriakopoulou, Efthymia, 2015. "On The Strategic Effect of International Permits Trading on Local Pollution: The Case of Multiple Pollutants," Working Papers in Economics 610, University of Gothenburg, Department of Economics.
- Hopkins, Alexander S. & Horan, Richard & Reeling, Carson & Shupp, Robert S., 2021. "Multipollutant Markets Increase the Efficiency of Managing Jointly Produced, Stochastic Emissions," 2021 Annual Meeting, August 1-3, Austin, Texas 314063, Agricultural and Applied Economics Association.
- Cohen, Alex & Keiser, David A., 2017. "The effectiveness of incomplete and overlapping pollution regulation: Evidence from bans on phosphate in automatic dishwasher detergent," Journal of Public Economics, Elsevier, vol. 150(C), pages 53-74.
- Guy Meunier, 2015. "Prices vs. quantities in presence of a second, unpriced, externality," Working Papers hal-01242040, HAL.
- Brunel, Claire & Johnson, Erik Paul, 2019. "Two birds, one stone? Local pollution regulation and greenhouse gas emissions," Energy Economics, Elsevier, vol. 78(C), pages 1-12.
- Ambec, Stefan & Coria, Jessica, 2018.
"Policy spillovers in the regulation of multiple pollutants,"
Journal of Environmental Economics and Management, Elsevier, vol. 87(C), pages 114-134.
- Ambec, Stefan & Coria, Jessica, 2015. "Policy spillovers in the regulation of multiple pollutants," TSE Working Papers 15-602, Toulouse School of Economics (TSE), revised Jan 2017.
- Jorge Bonilla & Jessica Coria & Thomas Sterner, 2018. "Technical Synergies and Trade-Offs Between Abatement of Global and Local Air Pollution," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 70(1), pages 191-221, May.
- Cohen, Alex & Keiser, David, 2016. "The Effectiveness of Overlapping Pollution Regulation: Evidence from the Ban on Phosphate in Dishwasher Detergent," 2016 Annual Meeting, July 31-August 2, Boston, Massachusetts 235533, Agricultural and Applied Economics Association.
- Frans P. Vries & Nick Hanley, 2016.
"Incentive-Based Policy Design for Pollution Control and Biodiversity Conservation: A Review,"
Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 63(4), pages 687-702, April.
- Frans P. de Vries & Nick Hanley, 2015. "Incentive-Based Policy Design for Pollution Control and Biodiversity Conservation:A Review," Discussion Papers in Environment and Development Economics 2015-21, University of St. Andrews, School of Geography and Sustainable Development.
- Bonilla, Jorge & Coria, Jessica & Sterner, Thomas, 2012. "Synergies and Trade-offs between Climate and Local Air Pollution: Policies in Sweden," Working Papers in Economics 529, University of Gothenburg, Department of Economics.
- Gautier Luis, 2019. "The Role of Multiple Pollutants and Pollution Intensities in the Policy Reform of Taxes and Standards," The B.E. Journal of Economic Analysis & Policy, De Gruyter, vol. 19(3), pages 1-20, July.
- Lade, Gabriel E. & Lin Lawell, C.-Y. Cynthia, 2015.
"The design and economics of low carbon fuel standards,"
Research in Transportation Economics, Elsevier, vol. 52(C), pages 91-99.
- Lade, Gabriel E. & Lawell, C.-Y. Cynthia Lin, 2015. "The Design and Economics of Low Carbon Fuel Standards," ISU General Staff Papers 201501010800001097, Iowa State University, Department of Economics.
More about this item
Keywords
Instrument design; Multi-pollutant markets; Pollution permit markets; Second-best;All these keywords.
JEL classification:
- Q53 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Air Pollution; Water Pollution; Noise; Hazardous Waste; Solid Waste; Recycling
- Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters and their Management; Global Warming
- Q58 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environmental Economics: Government Policy
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:resene:v:52:y:2018:i:c:p:124-136. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/inca/505569 .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.