This book describes the state of the art when it comes to the use of economic instruments in policy making throughout the world. These new and innovative instruments, such as green taxes and tradeable permits, can cut the costs of environmental programs considerably and thereby increase the...

Santiago was one of the first cities outside the OECD to implement a tradable permit program to control air pollution. This paper looks closely at the program's performance over the past ten years, stressing its similarities and discrepancies with trading programs implemented in developed...