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Tradable Permits in Developing Countries: Evidence from air pollution in Santiago, Chile

Jessica Coria and Thomas Sterner

No 326, Working Papers in Economics from University of Gothenburg, Department of Economics

Abstract: Santiago was one of the first cities outside the OECD to implement a tradable permit program to control air pollution. This paper looks closely at the program’s performance over the past ten years, stressing its similarities and discrepancies with trading programs implemented in developed countries, and analyzing how it has reacted to regulatory adjustments and market shocks. Studying Santiago's experience allows us to discuss the drawbacks and advantages of applying tradable permits in less developed countries

Keywords: air pollution; environmental policy; tradable permits; developing countries (search for similar items in EconPapers)
JEL-codes: Q53 Q58 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-ene, nep-env, nep-lam and nep-res
Date: 2008-11-19
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Working Paper: Tradable Permits in Developing Countries: Evidence from Air Pollution in Santiago, Chile (2008) Downloads
Working Paper: Tradable Permits in Developing Countries: Evidence from Air Pollution in Santiago, Chile (2008) Downloads
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