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We propose the river pollution claims problem to distribute a pollution budget among agents located along a river. A … location of pollution along the river is an important concern in addition to fairness. We characterize the class of externality … propose two novel axioms that are motivated by the river pollution context and use them to characterize two priority rules. …
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stochastic and deterministic pollution, and is modeled on existing markets for water quality trading. The other market is built … around a new definition of the pollution credit as a multi-attribute good, where the attributes supply information to the … market on the environmental risks associated with stochastic pollution loads. The market with multi-attribute credits is …
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Experimental methods have recently been used to evaluate environmental policy instruments, in particular – and most suitably, it seems – emissions trading programs of various designs. Some studies have focused on domestic emissions trading programs, while others have focused on international...
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