Title of article :
Stochastic pollution, costly sanctions, and optimality of emission permit banking
Author/Authors :
Robert Innes، نويسنده ,
Issue Information :
روزنامه با شماره پیاپی سال 2003
Abstract :
This paper identifies a new economic motive for pollution regulations that allow polluting firms to bank and borrow emission permits over time. When aggregate pollution is stochastic, an intertemporal permit trading regime can provide firms with efficient incentives for pollution abatement without the need for costly government enforcement actions that would otherwise be required
Keywords :
Environmental Regulation , Stochastic pollution , Emission permit banking
Journal title :
Journal of Environmental Economics and Management
Journal title :
Journal of Environmental Economics and Management