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Tradable Permits in Developing Countries: Evidence from air pollution in Santiago, Chile

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Author Info
Coria, Jessica () (Department of Economics, School of Business, Economics and Law, Göteborg University)
Sterner, Thomas (Department of Economics, School of Business, Economics and Law, Göteborg University)

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Abstract

Santiago was one of the first cities outside the OECD to implement a tradable permit program to control air pollution. This paper looks closely at the program’s performance over the past ten years, stressing its similarities and discrepancies with trading programs implemented in developed countries, and analyzing how it has reacted to regulatory adjustments and market shocks. Studying Santiago's experience allows us to discuss the drawbacks and advantages of applying tradable permits in less developed countries

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File URL: http://hdl.handle.net/2077/18720
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Publisher Info
Paper provided by Göteborg University, Department of Economics in its series Working Papers in Economics with number 326.

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Length: 34 pages
Date of creation: 19 Nov 2008
Date of revision:
Handle: RePEc:hhs:gunwpe:0326

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Postal: Department of Economics, School of Business, Economics and Law, Göteborg University Box 640, SE 405 30 GÖTEBORG, Sweden
Phone: 031-773 10 00
Web page: http://www.handels.gu.se/econ/
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Related research
Keywords: air pollution; environmental policy; tradable permits; developing countries;

Other versions of this item:

Find related papers by JEL classification:
Q53 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Air Pollution; Water Pollution; Noise; Hazardous Waste; Solid Waste; Recycling
Q58 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environmental Economics: Government Policy

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    Other versions:
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  9. Sterner, Thomas & Muller, Adrian, 2006. "Output and Abatement Effects of Allocation Readjustment in Permit Trade," Discussion Papers dp-06-49, Resources For the Future. [Downloadable!]
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