Denny Ellerman and his colleagues at MIT pretty much have the franchise
on this issue.  See "Markets for Clean Air:  The US Acid Rain Program",
Cambridge University Press, 2000.

Steffen Hentrich wrote:

> Dear Armchairs,
>
> does anybody know a comprehensive analysis of emisson trading
> programms? I'm especially interested in effects of permits
> distribution on competition.
>
> Greetings
>
> Steffen


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