Chavez, Carolos; Stanlund, John - In: Environmental & Resource Economics 25 (2003) 1, pp. 65-78
We derive an enforcementstrategy for a transferable permit system inthe presence of market power that achievescomplete compliance in a cost-effective manner.We show that the presence of a firm with marketinfluence makes designing an enforcementstrategy more difficult than enforcing aperfectly...