This report develops recommendations on the most appropriate design for auctions of Regional Greenhouse Gas Initiative (RGGI) CO2 allowances. The research was conducted in two phases. Phase 1 included the initial preparation of an annotated bibliography and a round of experiments to investigate...

This paper examines some of the implications of local policy-making with regard to the global issue of climate change. First, we assess what one may expect when small open economies, such as states, implement policies designed to affect global pollutants. Next, we briefly analyze some of the...

Auctions are increasingly being used to allocate emissions allowances (“permitsâ€) for cap and trade and common-pool resource management programs. These auctions create thick markets that can provide important information about changes in current market conditions. This paper reports a...

Climate change policy analysis has focused almost exclusively on national policy and even on harmonizing climate policies across countries, implicitly assuming that the harmonization of climate policies at the subnational level would be mandated or guaranteed. We argue that the design and...

This study examines the health impact of a proposed dental school in Southwest Virginia. In setting the stage for an evaluation of the dental school impacts, this study first assesses the economic, social, and health context for the Southwest Virginia region. It also presents a summary of...

The University of Virginia, by providing world-class educational opportunities to citizens of the state, has played an important role in the lives of Virginians since its founding in 1819. The University enhances economic opportunity and provides a steady stream of citizens prepared to assume...

On March 11, 2008 the University of Virginia Faculty Senate voted in favor of having the university take steps to make it climate neutral. This paper examines whether such a policy is feasible, and further whether pursuing a policy of climate neutrality is likely the best way to spend university...

This study examines the effect of the public higher education sector on Virginia’s economy. The study consists of three distinct parts. The first part consists of a full accounting of the current flow of economic activity in Virginia that can be directly tied to the expenditures and activities...

Emission and effluent trading programs are increasingly being advocated for the nation’s air and water quality programs. However important distinctions must be drawn between credit and allowance trading, based on how much decision-making authority is transferred from regulators to...

The direct sale of emission allowances by auction is an emerging characteristic of cap-and-trade programs. This study is motivated by the observation that all of the major implementations of cap-and-trade regulations for the control of air pollution have started with a generous allocation of...