Kling, Catherine Louise; Rabotyagov, Sergey; Feng, Hongli - Center for Agricultural and Rural Development (CARD), … - 2006
an ex ante pollution target, that is, one that is defined in expectation rather than an ex post deterministic value. We …; (2) the optimal permit cap is not necessarily equal to the ex ante pollution target; and (3) the optimal trading ratio is …
Optimal Design of Permit Markets with an Ex Ante Pollution Target
Sergey S. Rabotyagov, Hongli Feng, and …