Markets for Clean Air: The U.S. Acid Rain Program

Abstract

List of illustrations List of tables Authors Preface Acknowledgments 1. A market-based experiment 2. A political history of Federal Acid Rain Legislation 3. The political economy of allowance allocations 4. The pre-1995 trend in SO2 emissions 5. Title IV compliance and Emission reductions, 1995-97 6. Emissions trading: the effect on abatement behavior 7. Emissions trading: development of the allowance market 8. Title IV's voluntary compliance program 9. The cost of compliance with the Title IV in Phase I 10. Cost savings from emissions trading 11. Errors, imperfections, and allowance prices 12. Concluding observations.