Information and Pollution Permit Markets

David Colander

Middlebury College Working Paper Series from Middlebury College, Department of Economics

Abstract: In a recent article Smith and Yates (Smith and Yates, 2003) argued that regulators could gain additional information about the optimal number of permits to issue from two-sided markets. This paper argues that they are incorrect in their assertion because the market they refer to is an asymmetric two-sided market in which individuals are only allowed to decrease the number of permits. When a symmetric two-sided market is considered, the public good nature of the problem makes it unlikely that any useful information can come from a two-sided market.

Pages: 7 pages
Date: 2004-08
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Working Paper: Information and Pollution Permit Markets (2003)
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Persistent link: https://EconPapers.repec.org/RePEc:mdl:mdlpap:0410

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