The politics and economics of auction design in the market for sulfur dioxide pollution
Journal Article
·
· Journal of Policy Analysis and Management; (United States)
The Clean Air Act Amendments of 1990 aim to create a market in emissions of sulfur dioxide from power plants by distributing a fixed number of tradable pollution permits called allowances,' and by providing for the auction of a small fraction of the total number of allowances. This article describes potential inefficiencies in this market and how an auction could enhance the market. It shows that the method by which allowances are bundled together' for auction is an important efficiency-related element of auction design. The article also examines the politics of auction design and how equity goals strongly shaped the design ultimately adopted by Congress. Finally, some implications are suggested for the role of policy analysis in the legislative process. 17 refs., 4 figs.
- OSTI ID:
- 6686506
- Journal Information:
- Journal of Policy Analysis and Management; (United States), Journal Name: Journal of Policy Analysis and Management; (United States) Vol. 11:4; ISSN JPAMD7; ISSN 0276-8739
- Country of Publication:
- United States
- Language:
- English
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Related Subjects
20 FOSSIL-FUELED POWER PLANTS
200500 -- Fossil-Fueled Power Plants-- Environmental Aspects-- (1990-)
29 ENERGY PLANNING, POLICY, AND ECONOMY
290200* -- Energy Planning & Policy-- Economics & Sociology
ADMINISTRATIVE PROCEDURES
AIR POLLUTION ABATEMENT
AIR POLLUTION CONTROL
AMENDMENTS
CHALCOGENIDES
CONTROL
ECONOMICS
EFFICIENCY
FOSSIL-FUEL POWER PLANTS
INSTITUTIONAL FACTORS
LAWS
MARKET
OXIDES
OXYGEN COMPOUNDS
PERMITS
POLITICAL ASPECTS
POLLUTION ABATEMENT
POLLUTION CONTROL
POLLUTION LAWS
POWER PLANTS
SULFUR COMPOUNDS
SULFUR DIOXIDE
SULFUR OXIDES
THERMAL POWER PLANTS
TRADE
US CLEAN AIR ACT
200500 -- Fossil-Fueled Power Plants-- Environmental Aspects-- (1990-)
29 ENERGY PLANNING, POLICY, AND ECONOMY
290200* -- Energy Planning & Policy-- Economics & Sociology
ADMINISTRATIVE PROCEDURES
AIR POLLUTION ABATEMENT
AIR POLLUTION CONTROL
AMENDMENTS
CHALCOGENIDES
CONTROL
ECONOMICS
EFFICIENCY
FOSSIL-FUEL POWER PLANTS
INSTITUTIONAL FACTORS
LAWS
MARKET
OXIDES
OXYGEN COMPOUNDS
PERMITS
POLITICAL ASPECTS
POLLUTION ABATEMENT
POLLUTION CONTROL
POLLUTION LAWS
POWER PLANTS
SULFUR COMPOUNDS
SULFUR DIOXIDE
SULFUR OXIDES
THERMAL POWER PLANTS
TRADE
US CLEAN AIR ACT