Tradable emission permits in a federal system

Harrie A.A. Verbon () and Cees Withagen
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Harrie A.A. Verbon: Tilburg University and Center

No E2004/83, Economic Working Papers at Centro de Estudios Andaluces from Centro de Estudios Andaluces

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

Keywords: tradable permits; trade bans; fiscal federalism. (search for similar items in EconPapers)
JEL-codes: H21 H23 Q00 (search for similar items in EconPapers)
Pages: 21 pages
Date: 2004
New Economics Papers: this item is included in nep-ene, nep-env, nep-pbe and nep-res
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Related works:
Working Paper: Tradable Emission Permits in a Federal System (2005)
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