Klier, Thomas; Mattoon, Richard; Prager, Michael - In: Journal of Environmental Planning and Management 40 (1997) 6, pp. 751-774
Tradable permit markets have become an increasingly popular tool to address environmental policy problems. This paper describes and evaluates the performance of the Regional Clean Air Incentives Market (RECLAIM) that started operating in Southern California at the beginning of 1994. In analysing...