This paper examines the Regional Clean Air Incentives MArket (RECLAIM) which was launched in Los Angeles in January 1994. RECLAIM is an emissions trading program which is expected to decrease hazardous pollutants from stationary sources in the South Coast Basin. I analyze the transactions data...

This paper tries to test the effect of environmental friendliness on compliance behaviour using data from a tradable emissions program currently running in Los Angeles.

Irrigation can have a significant negative impact on the environment. Irrigation impacts contribute a significant portion to the estimated forty six million dollar cost per annum of salinity in the Murray River, Australia. Policies available to regulators include externality taxes and levies. In...

This paper reports a laboratory experiment that studies several specific features of the Regional Clean Air Incentives Market (RECLAIM), a tradable emission permit program intended to lower the cost of meeting federal air quality standards in the Los Angeles area. It assesses the impact of some...

We examine the issues of market efficiency and price discovery in the European Union carbon futures market. Our findings suggest that none of the carbon futures contracts examined here are priced according to the cost-of-carry model, although two of the three futures contracts studied here form...

This paper compares alternative estimates of the extent of Australia's greenhouse gas (GHG) emissions. While the total amount cannot be known with certainty, debate concerning appropriate policies to deal with and monitor emissions must rely on estimates. However, it is shown that there are...

Time series data consisting of 671 observations of seawater temperature, observed at irregular intervals off Maria Island, Hobart, Australia, over a period of 50 years, are examined. The mean temperature exhibits an approximately linear trend which is taken as evidence of glabal warming.

This paper examines the consumption of water by households that are individually metered (single-metered households) and those sharing a water meter (group-metered households).

This study examines the link between the health indicators and the environmental variables for a cross-section of countries widely dispersed in the economic development spectrum. While the environment and income are seen to have an inverted U-shaped relationship (Environmental Kuznets Curve...

Evidence suggests that a large majority of firms and individuals comply with regulations and tax laws even though the frequency of inspections and audits is often low. Moreover, fines for noncompliance are also typically low when regulatory violations are discovered. These observations are not...