III, David D. Henry; Muller, Nicholas Z.; Mendelsohn, … - In: Journal of Policy Analysis and Management 30 (2011) 3, pp. 598-612
The sulfur dioxide (SO<sub>2</sub>) cap and trade program established in the 1990 Clean Air Act Amendments is celebrated for reducing abatement costs ($0.7 to $2.1 billion per year) by allowing emissions allowances to be traded. Unfortunately, places with high marginal costs also tend to have high marginal...
