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Tradable Discharge Permits: A Student-Friendly Game

Amy W. Ando
University of Illinois at Urbana-Champaign - Department of Agricultural and Consumer Economics

Donna Theresa J. Ramirez
University of Illinois at Urbana-Champaign - Department of Agricultural and Consumer Economics

Abstract:
An in-class game can be used to improve students' understanding of how a TDP program might work. There are, however, tradeoffs one must face in designing such a game. An exercise might, in theory, demonstrate all the nuances of a TDP program and yet be so complex that students learn little from the experience. We develop a game that is easy enough to play that even students with limited economics and math backgrounds can participate fully. Instructors can use this game to provide a diverse body of students with insights on the relative cost-effectiveness of a permit system over a uniform standard, the nature of permit market equilibrium, and the information requirements associated with varied regulatory regimes.

JEL Classifications: A22, C9

Case and Teaching Paper Series

Date posted: September 29, 2003 ; Last revised: September 29, 2003

Suggested Citation

Ando, Amy W. and Ramirez, Donna Theresa J., Tradable Discharge Permits: A Student-Friendly Game (August 1, 2003). Available at SSRN: http://ssrn.com/abstract=432985

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Contact Information

Amy W. Ando (Contact Author) University of Illinois at Urbana-Champaign - Department of Agricultural and Consumer Economics ( email ) 326 Mumford Hall, MC-710 Urbana, IL 61801 United States 217-333-5130 (Phone) 217-333-5538 (Fax)
Donna Theresa J. Ramirez University of Illinois at Urbana-Champaign - Department of Agricultural and Consumer Economics ( email ) 1301 W. Gregory Drive Urbana, IL 61801 United States 217-333-2657 (Phone)