Ponce, Roberto; Chávez, Carlos - In: El Trimestre Económico LXXII (4) (2005) 288, pp. 847-876
This article analyzes the cost-effective property of a transferable emissions permit system (TEPS) vis à vis a command and control environmental regulation. In contrast with the previous literature, our analysis consider, in addition to the abatement costs, the cost of enforcing each regulatory...