淡江大學機構典藏:Item 987654321/23873
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    Please use this identifier to cite or link to this item: https://tkuir.lib.tku.edu.tw/dspace/handle/987654321/23873


    Title: A trading-ratio system for trading water pollution discharge permits
    Authors: 洪鳴丰;Hung, Ming-feng;Shaw, Daigee
    Contributors: 淡江大學產業經濟學系
    Keywords: Trading ratio;Water pollution;Tradable discharge permit;Location effect;Transfer coefficient;Cost-effectiveness;Hot spot;Sequential bilateral trading procedure;Transaction cost;Free rider
    Date: 2005-01-01
    Issue Date: 2009-11-30 17:57:09 (UTC+8)
    Publisher: Elsevier
    Abstract: The fact that water flows to the lowest level uni-directionally is a very specific and useful property of water. By utilizing this property, we design a trading-ratio system (TRS) of tradable discharge permits for water pollution control. Such a trading-ratio system has three main characteristics: (1) the zonal effluent cap is set by taking into account the water pollutant loads transferred from the upstream zones; (2) the trading ratios are set equal to the exogenous transfer coefficients among zones; and (3) permits are freely tradable among dischargers according to the trading ratios. This paper shows that the TRS can take care of the location effect of a discharge and can achieve the predetermined standards of environmental quality at minimum aggregate abatement costs. Problems with hot spots and free riding can be avoided, and the burdens on both dischargers and the environmental authority should be relatively light.
    Relation: Journal of Environmental Economics and Management 49(1), pp.83-102
    DOI: 10.1016/j.jeem.2004.03.005
    Appears in Collections:[Graduate Institute & Department of Industrial Economics] Journal Article

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