The study proposes a discrete-choice model for environmental policy/program valuation, to be used in cases when several policies are valued sequentially. The stochastic specification of the model is consistent with the transitivity and continuity axioms of utility analysis. An empirical...

The NOx State Implementation Plan Call was designed to facilitate cost effective reductions of nitrogen oxides emissions from large stationary sources (primarily electricity generators) through the introduction of an emissions trading program. I investigate the relationship between economic...