We extend the analysis of optimal scale in pollution permit markets by allowing for both market power and private information. We characterize the total costs (abatement costs and damages) under market power and private information and compare them to total costs under competition. It is...

The integration of hydropower facilities on existing low-head, non-Federal dams and their subsequent tie to regional electricity grids may serve as a useful de-centralized component of renewable energy integration in the United States. Thousands of low-head dams do not provide power and thus...