We evaluate the performance of an environmental market in a less developed country based on the experience from Santiago-Chile's particulate matter control program. We find that grandfathering the permits has created economic incentives for incumbent sources to more readily declare their...

"This collection represents a declaration of principles of the Center for Public Studies, an economic and scientific elite that governs studies and problem-solving apparatus about environmental protection in Chile"--Handbook of Latin American Studies, v. 57