Klaassen, Ger; Nentjes, Andries - In: Journal of Institutional and Theoretical Economics (JITE) 153 (1997) 2, pp. 384-384
In the US the first stage of a federal system of tradeable sulfur allowances started on January 1, 1995. This article assesses the first experiences with the program. The design of the program is set out and contrasted with the earlier EPA (Environmental Protection Agency) emission trading...