The aim of this study is to evaluate three market models in their ability to support nitrogen removal through a managed wetland market. The unrestricted model allows emitters to buy permits from any wetland, has the lowest abatement cost, and highest environmental damage as defined in this...

The study analyzes the performance of an innovative cap-and-trade program designed to make cost-effective reductions of an ozone precursor in Chicago and finds that decentralized market incentives were undermined by the continuance of centralized traditional emission point or command-and-control...