Title IV of the 1990 US Clean Air Act Amendments established a market for transferable sulfur dioxide emission allowances among electric utilities. The market offers firms facing high marginal costs for pollution abatement the opportunity to purchase the right to emit sulfur dioxide from firms with lower costs. It is expected to yield more cost savings than a command and control approach to environmental regulation. To evaluate the performance of...
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1998/08/31
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Documento de trabalho sobre pesquisa de políticas
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WPS1966
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1
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1
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2010/07/01
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Sulfur dioxide control by electric utilities : what are the gains from trade?
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marginal abatement cost
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