Evidence of Innovation and Diffusion Under Tradable Permit Programs

Allen S. Bellas and Ian Lange

International Review of Environmental and Resource Economics, 2011, vol. 5, issue 1, 1-22

Abstract: There have been five large tradable permit programs (US Acid Rain Program, US Nitrogen Budget Program, Los Angeles Regional Clean Air Management Program, EU Emissions Trading Scheme, and the US Lead Phase Down) in effect long enough to have potentially yielded data to test whether the program altered the rate of innovation and/or diffusion of abatement technology. This paper is an overview of the literature concerning empirical evidence (or lack thereof) of innovation by the firms that comprise the industries affected by these tradable permit programs. We briefly discuss the methods used to determine technological advance and then more thoroughly review existing studies examining advances in pollution control technology under permit programs. Finally, some overarching observations are presented.

Keywords: Pollution control; Tradable permits; Technological advance; Technological diffusion (search for similar items in EconPapers)
JEL-codes: O3 O31 O38 Q5 Q55 Q58 (search for similar items in EconPapers)
Date: 2011
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Citations: View citations in EconPapers (20)

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Persistent link: https://EconPapers.repec.org/RePEc:now:jirere:101.00000036

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