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Interjurisdictional pollution spillovers are a critical issue in U.S. environmental policy. When policy responsibility …
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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 …
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