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Tradable Permits in Developing Countries: Evidence from air pollution in Santiago, Chile
(2008-11-19)
Santiago was one of the first cities outside the OECD to implement a tradable permit
program to control air pollution. This paper looks closely at the program’s performance
over the past ten years, stressing its similarities ...
To Trade or Not to Trade: Firm-Level Analysis of Emissions Trading in Santiago, Chile
(2009-10-23)
Whether tradable permits are appropriate for use in transition and developing
economies—given special social and cultural circumstances, such as the lack of institutions and lack of expertise with market‐based policies—is ...