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|Title:||Tradable emission permits in a federal system |
|Authors:||Verbon, Harrie A. A.|
Withagen, Cees A.
|Issue Date:||2005 |
|Series/Report no.:||CESifo working papers 1482|
|Abstract:||A system of tradable permits in the standard setting is effective in attaining the policy objective with regard to pollution reduction at the least cost. This outcome is challenged in case of a tradable permit system in a federal state with individual states having discretionary power regarding environmental policy and where pollution is transboundary across states. This paper explores the opportunities of the central authority to influence the effectiveness of the system, under different institutional arrangements, through the initial allocation of permits.|
|Document Type:||Working Paper|
|Appears in Collections:||CESifo Working Papers, CESifo Group Munich|
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