Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/189166 
Authors: 
Year of Publication: 
1992
Series/Report no.: 
Queen's Economics Department Working Paper No. 842
Publisher: 
Queen's University, Department of Economics, Kingston (Ontario)
Abstract: 
The cost-saving advantages of market mechanisms such as tradable permits and emission taxes have been promoted by economists since the early 1970s. The research reported in this paper simulates their application to the Forth Estuary in Scotland comparing such policies with regulation of output levels for emissions. Potential resource cost savings are identified under two alternative targets. However, there are serious obstacles to the attainment of these savings. We also consider the distributional aspects of the policy alternatives.
Subjects: 
water pollution control: tradable permits
emission taxes
biological oxygen demand
Document Type: 
Working Paper

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