pt. 1. Tradable permit markets -- pt. 2. Common property and public goods -- pt. 3. Regulation and compliance -- pt. 4 …

stochastic and deterministic pollution, and is modeled on existing markets for water quality trading. The other market is built … around a new definition of the pollution credit as a multi-attribute good, where the attributes supply information to the … market on the environmental risks associated with stochastic pollution loads. The market with multi-attribute credits is …

and enforcement. Our key findings are: (1) prudential regulation limits expansion of plants with high initial pollution … regulated due to its historically large contribution to air and water pollution. Our paper contributes to the broader empirical … literature on the Porter Hypothesis, which posits a positive relationship between environmental regulation and "green" TFP growth …