Di Maria, Corrado; Lange, Ian; Van der Werf, Edwin - 2012 - This version: May 21, 2012
introduction of the Acid Rain Program in the U.S. as a case study. The theory predicts that owners of coal deposits, expecting … implementation; moreover, the incentive to increase supply would be stronger for owners of high-sulfur coal. This would, all else … equal, induce an increase in sulfur dioxide emissions. Using data on prices, heat input and sulfur content of coal delivered …
