We study the cost-effectiveness of a transferable emissions permit system (TEPS) vis a vis a system of emissions standards. Our analysis includes along with abatement costs, the costs of enforcing the system to induce compliance. Further, the analysis considers complete and incomplete...

Este trabajo analiza la propiedad de costo-efectividad de un sistema de permisos de emisión transferibles (SPET) frente a una política de comando y control. En contraste con la bibliografía del tema este análisis considera, además de los costos del abatimiento, los costos de la...

We study the cost-effectiveness of a transferable emissions permit system (TEPS) vis a vis a system of emissions standards. Our analysis includes along with abatement costs, the costs of enforcing the system to induce compliance. Further, the analysis considers complete and incomplete...