REZEK, JON; BLAIR, BENJAMIN F. - In: Contemporary Economic Policy 23 (2005) 3, pp. 324-340
The market-based instruments embodied in the Acid Rain Program have been instrumental in the reduction of SO<sub>2</sub> and NO<sub>"x"</sub> emissions from electric utilities. Economic theory suggests that tradable pollution permit systems encourage polluters to reallocate pollution burdens to take advantage of any...
