Tradable Discharge Permits: A Student-Friendly Game

20 Pages Posted: 29 Sep 2003

See all articles by Amy W. Ando

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

Date Written: August 1, 2003

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 Classification: A22, C9

Suggested Citation

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

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)

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