Weighing the Value of a Ton of Pollution

5 Pages Posted: 29 Jun 2010

See all articles by Nicholas Z. Muller

Nicholas Z. Muller

Carnegie Mellon University - David A. Tepper School of Business

Robert O. Mendelsohn

Yale University - School of Forestry & Environmental Studies; Yale University

Date Written: June 29, 2010

Abstract

The United States’ experimentation with emissions trading in the 1990s was an important first step in controlling air pollution while maximizing benefits from emissions that do occur. However, trading programs to date suffer a serious flaw: they treat all traded emissions of equal volume the same regardless of where they occur, instead of recognizing that emissions in a sparsely populated, pristine area likely have much lower social harm than the same volume of emissions in a heavily populated area with poor air quality. This paper summarizes the authors’ efforts to develop a more sophisticated emissions trading regime that addresses this shortcoming.

Suggested Citation

Muller, Nicholas Z. and Mendelsohn, Robert O., Weighing the Value of a Ton of Pollution (June 29, 2010). Regulation, Vol. 33, No. 2, p. 20, Summer 2010. Available at SSRN: https://ssrn.com/abstract=1632413

Nicholas Z. Muller

Carnegie Mellon University - David A. Tepper School of Business ( email )

5000 Forbes Avenue
Pittsburgh, PA 15213-3890
United States

Robert O. Mendelsohn (Contact Author)

Yale University - School of Forestry & Environmental Studies ( email )

195 Prospect Street
New Haven, CT 06511
United States

Yale University ( email )

New Haven, CT 06520
United States
2034325128 (Phone)

Here is the Coronavirus
related research on SSRN

Paper statistics

Downloads
85
Abstract Views
595
rank
305,188
PlumX Metrics