Browsing Working Papers by Author "Schmalensee, Richard"
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The SO2 Allowance Trading System: The Ironic History of a Grand Policy Experiment
Schmalensee, Richard; Stavins, Robert N. (MIT CEEPR, 2012-08)Two decades have passed Two decades have passed since the Clean Air Act Amendments of 1990 launched a grand experiment in market-based environmental policy: the SO2 cap-and-trade system. That system performed well but ...