Overview
A comprehensive collection of leading articles important in the development of the use of emissions trading to control air pollution, from its earliest implementation in the USA in 1976, to its application to global warming in the Kyoto Protocol. Each volume offers an introduction by the editor, Tom Tietenberg, presenting a history of the evolution of the field as well as a guide to the collected papers that follow. Volume One contains the theoretical and empirical work that underpinned the development of this particular policy instrument as well as a discussion of some of the major design issues. Volume Two focuses on implementation and presents examples of the major programs now in existence.* Volume II: Introduction: Early History: R. H. Coase (1960) The Problem of Social Cost; Thomas D. Crocker (966) The Structuring of Atmospheric Pollution Control Systems; J.H. Dales (1968) Land, Water and Ownership. The Theoretical Foundations: William .J. Baumol and Wallace E. Oates (1971) The Use of Standards and Prices for Protection of the Environment; W.David Montgomery (1972) Markets in Licences and Efficient Pollution Control Programs; John Pezzey (1992) The Symmetry Between Controlling Pollution by Price and Controlling it by Quantity. Design Issues: Initial Allocations: Randolph M. Lyon (1986) Equilibrium Properties of Auctions and Alternative Procedures for Allocation Transferable Permits; Scott E. Atkinson and Tom H. Tietenberg (1984) Approaches for Reaching Ambient Standards in Non-Attainment Areas: Financial Burden and Efficiency Considerations; Ian W.H Parry, Robertton C. Williams and Lawrence H. Goulden (1999) When Can Carbon Abatement Policies Increase Welfare? The Fundamental Role of Distorted Factor Markets; Robert W. Godby, Stuart Mestelman, R.H. Andrew Muller and J. Douglas Willand (1997) Emissions Trading with Shares and Coupons when Control over Discharges is Uncertain. Market Power: Robert W. Hahn (1984) Market Power and Transferable Property Rights; Walter S. Misiolek and Harold W. Elder (1989) Exlusionary Manipulation of Markets for Pollution Rights; Eftichios Sophocles Sartzetakis (1997) Tradeable Emission Permits Regulations in the Presence of Imperfectly Competitive Product Markets: Welfare Implications; Nils-Henrick Morch von der Fehr (1993) Tradeable Emission Rights and Strategic Interaction. Spatial Issues: Scott E. Atkinson and Tom H. Tietenberg (1987) Economic Implications of Emission Trading Rules for Local and Regional Pollutants; Alan J. Krupnick, Wallace E. Oates and Eric van den Verg (1983) On Marketable Air Pollution Permits: The Case for a System of Pollution Offsets; Albert M. McGartland and Wallace E. Oates (1985) Marketable Permits for the Prevention of Environmental Deterioration; Wallace E. Oates, Paul R. Portney and Albert M. McGartland (1989) The Net Benefits of Incentive-Based Regulation: The Case of Environmental Standard Setting; Scott E. Atkinson and Tom H. Tietenberg (1991) Market Failure in Incentive-Based Regulation: The Case of Emissions Trading; Dallas Burtraw, Kenneth W. Harrison and Paul Turner (1998) Improving Efficiency in Bilateral Emission Trading. Temporal Issues: Jonathan D. Rubin (1996) A Model of Intertemporal Emission Trading, Banking and Borrowing; Mark B. Cronshaw and Jamie Brown Kruse (1996) Regulated Firms in Pollution Permit Markets with Banking; Michael Toman and Karen Palmer (1997) How Should an Accumulative Toxic Substance be Banned?; Charles W. Howe and Dwight R. Lee (1983) Priority Pollution Rights: Adapting Pollution Control to a Variable Environment. Ethical Issues: Robert E. Goodin (1994) Selling Environmental Indulgences; Tom H. Tietenberg (1998) Ethical Influences on the Evolution of the US Tradable Permit Approach to Air Pollution Control. Index.
Author Biography: Tom Tietenberg, Mitchell Family Professor of Economics, Colby College, Maine, USA.
Synopsis
This two-volume set collects essays published between 1960 and 1999 that have helped to shape and explain the evolution of the use of transferable permits to control pollution. Each volume contains an introductory essay that shows how the individual pieces are linked and the overall image that emerges when they are connected. Volume I focuses on empirical research and actual implementation experience. The 18 articles discuss cost-effectiveness studies, implementation and evaluation (issues, early programs, and later programs such as the sulfur allowance, the NOx budget, state level programs, and climate change). In Volume II, 25 articles address the development of design and theoretical considerations. Topics include early history, theoretical foundations, and design issues (initial allocations, market power, and spatial, temporal, and ethical matters). The set is not indexed. Editing is by Tom Tietenberg (Colby College, UK). Annotation c. Book News, Inc., Portland, OR (booknews.com)