This paper deals with the market for SO{sub 2} emission allowances over time and electric utility compliance choices. For currently high emitting plants ( 2.5 lb SO{sub 2}/MMBtu), the 1990 Clean Air Act Amendments (CAAA) provide for about twice as many SO{sub 2} allowances to be issued per year...

A self-enforcing equilibrium account of legislative party organization in the context of the standard legislative bargaining model demonstrates how a member of a party would overcome the temptations to violate a party's agreement to stick together on legislative matters in the absence of...