Environmental markets have several institutional features that provide a new context for the use of auctions and that have not been studied previously. This paper reports on laboratory experiments testing three auction forms-uniform and discriminatory price sealed-bid auctions and an ascending...

Most previous cap and trade programs have distributed emission allowances for free to incumbent producers. However, in the electricity sector the value of CO<INF>2</INF> allowances may be far in excess of costs to industry and giving them away to firms diverts allowance value from other purposes. Using a...</inf>

This article analyzes the costs and emissions characteristics of methanol vehicles. The cost-effectiveness of methanol-the cost per ton of reactive hydrocarbon emissions reduced-is calculated and compared to the cost-effectiveness of other hydrocarbon reduction strategies. Methanol is found to...