Noncompliant firms in transferable discharge permit markets: Some extensions

dc.contributor.author	Keeler, AG	en
dc.date.accessioned	2014-06-06T06:41:57Z
dc.date.available	2014-06-06T06:41:57Z
dc.date.issued	1991	en
dc.identifier.issn	00950696	en
dc.identifier.uri	http://62.217.125.90/xmlui/handle/123456789/353
dc.relation.uri	http://www.scopus.com/inward/record.url?eid=2-s2.0-0001126050&partnerID=40&md5=3ad910ea331405360a589261ff543ce6	en
dc.title	Noncompliant firms in transferable discharge permit markets: Some extensions	en
heal.type	journalArticle	en
heal.publicationDate	1991	en
heal.abstract	This paper extends the results of previous research on transferable discharge permit (TDP) markets with noncompliant firms to make a specific comparison between standards and TDP systems when regulatory authorities are unable to achieve full compliance. Particular attention is given to the importance of the shape of the penalty function facing noncompliant firms. The analysis indicates that under plausible penalty functions TDP markets may allow more pollution or a higher fraction of regulated firms out of compliance. These results highlight the importance of implementation in the success of pollution control strategies relying on TDP markets. © 1991.	en
heal.journalName	Journal of Environmental Economics and Management	en
dc.identifier.issue	2	en
dc.identifier.volume	21	en
dc.identifier.spage	180	en
dc.identifier.epage	189	en