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The Price Of Clean Air: A Consideration Of Market Based Emissions Trading, Mark W. Miller
The Price Of Clean Air: A Consideration Of Market Based Emissions Trading, Mark W. Miller
UNLV Theses, Dissertations, Professional Papers, and Capstones
Traditional regulatory approaches for environmental protection do not consider
the costs and benefits of the standards they impose. Further, imposing strict performance
standards on firms with heterogeneous control costs leads to an inefficient allocation of resources devoted to pollution control. This paper explores the use of emission allowance trading as a way to improve economic efficiency within the context of environmental protection. PM10 air pollution from sources within the Las Vegas Valley is used as the case study.
This paper found that an emission trading
program in this particular case study would not live up to the theoretical expectations. Although, …