Bento, Antonio M.; Henry, Emeric; Lowe, Scott E. - In: The Review of Regional Studies 43 (2013) 1, pp. 51-80
This paper examines the determinants of emission credit allocations under the Regional Clean Air Incentives Market (RECLAIM) —a program aimed at reducing nitrogen oxides (NOX) and sulfur oxides (SOX) – in the greater Los Angeles area. Our results suggest that deviations in the allocation of...