To trade or not to trade: firm-level analysis of emissions trading in Santiago, Chile.
Whether tradable permits are appropriate for use in transition and developing economies--given special social and cultural circumstances, such as the lack of institutions and lack of expertise with market-based policies--is much debated. We conducted interviews and surveyed a sample of firms subject to emissions trading programs in Santiago, Chile, one of the first cities outside the OECD that has implemented such trading. The information gathered allows us to study what factors affect the performance of the trading programs in practice and the challenges and advantages of applying tradable permits in less developed countries.
Coria
Jessica
J
Department of Economics, University of Gothenburg, P.O. Box 640, 40530 Gothenburg, Sweden. Jessica.Coria@economics.gu.se
Löfgren
Asa
A
Sterner
Thomas
T
D000393:Air Pollutants; D000397:Air Pollution / Q000331:legislation & jurisprudence*; D002677:Chile; D003247:Conservation of Natural Resources / Q000331:legislation & jurisprudence* / Q000379:methods; D003906:Developing Countries; D007407:Interviews as Topic; D008004:Licensure
D000393:Air Pollutants